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ASX Claws Back $40b as Trump Teases De-Escalation

Summary by PerthNow
Easing oil and gas prices have set the stage for a relief bounce for equities after the US president said conflict in the Middle East would end soon.

5 Articles

With his simple statements to a journalist by phone, Donald Trump managed to calm the American stock market, and also to lower the price of a barrel of oil from around 100 dollars - at one point it almost reached 120 - to around 90 dollars. The US president said that the war was "more or less over", that it was going "better than expected". Then, in his statement to the press, he added his usual adjectives: "We can say that it is already a treme…

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Lawyers, Guns & Money broke the news in on Monday, March 9, 2026.
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