Oil sank and US stock-index futures climbed after President Donald Trump announced a tentative ceasefire between Israel and Iran, raising hopes that the worst of the Middle East conflict has passed.
West Texas Intermediate crude fell as much as 5% after Trump’s comments on his Truth Social platform. The statement followed Iran’s strikes on a US base in Qatar, which were seen as largely symbolic and unlikely to trigger broader economic fallout, pushing the S&P 500’s gain to 1% on Monday and sending oil below $70.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.