Oil Prices Plunge, Stocks Surge on Trump's Iran Reprieve and Market Optimism
New York stock exchanges closed with significant gains, with major indices rising, influenced by falling oil prices and statements from Trump regarding Iran. Global crude oil prices fell about 10% and Wall Street stocks rallied after Donald Trump announced he was holding off military strikes on Iran's power plants following 'constructive talks' with Tehran, despite Iran denying negotiations, with oil prices falling below $100.
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Iran exploiting Trump administration's sensitivity to pressure from the markets, expert says
Speaking with FRANCE 24's Monte Francis, Nicholas Mulder, Assistant Professor at Cornell University and author of “The Economic Weapon: The Rise Of Sanctions As A Tool Of Modern War”, explains that "the Trump administration is particularly sensitive to pressure from the markets" and that "Iran has begun to use the closure of the Strait of Hormuz as a form of economic pressure".
By Monte FRANCIS
Read full article →Trump began Iran talks as allies warned war risked disaster
The U.S. president said Monday he was giving Iran a five-day reprieve from his threatened action.
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