US Edition
The Dow surges more than 1,100 points as Wall Street soars to its best day since last spring
The Dow rose more than 1,100 points as easing oil fears and hopes of a shorter conflict lifted major indexes.
- On April 2, global markets recoiled as President Donald Trump dashed hopes for a quick end to the Iran conflict, sending stocks lower and oil prices higher.
- Trump warned the United States would strike Iran "extremely hard" over the next two to three weeks, failing to clarify when the critical Strait of Hormuz shipping route would reopen.
- Benchmark crude rose 4.2% to $104.36 a barrel, while Brent crude jumped 5%, and Japan's Nikkei fell 1.4% and South Korea's Kospi slid 3.6%.
- The United States dollar strengthened against major currencies, with the euro weakening 0.25% to $1.156, as Trump said "core strategic objectives" were nearing completion.
- Threats to hit infrastructure and the prospect of two to three more weeks of military action will keep markets on the defensive ahead of the long weekend.
193 Articles
193 Articles
Crude oil prices are seeing a sharp rise, surpassing $105 per barrel, while Asian stock markets have seen a sharp decline.
Stocks slide, dollar firms, oil climbs after Trump escalates Iran war rhetoric
Oil prices surged past $105 a barrel while global equities retreated after Donald Trump signalled a potential escalation in the Iran conflict, unsettling investors and raising fresh concerns over energy supply disruptions
The Epoch Times
America First ReportOil Falls, Stocks Jump on Renewed Hopes of Iran War Ending
Oil prices dropped and stocks around the world rallied on April 1 on renewed hopes of a quick end to the Middle East war after U.S. President Donald Trump said the United States could be leaving Iran in two to three weeks, with or without a deal. The front-month Brent contract for June fell $1.06, or 1 percent, to $102.91 per barrel at about 7 a.m. ET, having dropped to a session low of $98.35. U.S. West Texas Intermediate crude futures for May …
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