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Stocks Rally, Oil Drops on Mideast War Optimism
Wall Street and Asian markets climbed as traders bet the conflict could ease, while Brent crude fell 1.1 percent and WTI dropped 1.7 percent.
- Global stocks rallied and oil prices fell after President Donald Trump suggested the Middle East war could end within weeks.
- Wall Street surged as investors reacted to early optimism, though average United States gasoline prices topped $4 a gallon for the first time in four years this week, reflecting deep economic impacts.
- Trump told reporters in the Oval Office the United States would end operations in Iran "very soon," perhaps within "two weeks, maybe three," while the Dow climbed 2.5 percent.
- Israeli Prime Minister Benjamin Netanyahu insisted Israel will "continue to crush the terror regime," while Iranian President Masoud Pezeshkian said the Islamic republic has the "necessary will" to end the war.
- The White House will address the nation at 0100 GMT Thursday to provide "an important update on Iran," though Susannah Streeter of Wealth Club noted oil prices remain about 50 percent above pre-war levels.
29 Articles
29 Articles
Global stocks rally, oil dips below $100 as Trump to address Iran conflict Wednesday
by Marcus Sterling - Global stocks rally, oil dips below 0 as Trump to address Iran conflict WednesdayWASHINGTON — Global stocks rallied on Wednesday after signs of possible de-escalation in the Iran conflict. Global equity markets rallied and crude oil prices fell on renewed optimism about ...
Day of intense movements in the financial markets. European stock exchanges face strong increases on Wednesday, while the price of oil is sinking more than 14% to re-quote on the 101 dollars after closing yesterday on the 118 dollars a barrel. The reason is the latest statements by Donald Trump, which points to a resolution of the conflict. According to the American president, who plans to appear this morning (in Spain) the war would end in two …
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