Oil Falls, Stocks Rise as Trump Signals Iran Peace Deal Takes Shape
The New York Times • • business
Key Points:
- Oil prices fell to their lowest levels in weeks as President Trump canceled planned strikes on Iran, suggesting a peace deal could be reached soon.
- Global stock markets, including those in Europe, Asia, and the U.S., rallied on optimism about a potential agreement and anticipation of SpaceX’s IPO.
- Despite early market gains, the S&P 500 dipped slightly after Trump accused Iran of leaking inaccurate deal terms and criticized the country’s negotiators.
- Trump had previously threatened multiple strikes on Iran but called off the operations, indicating progress toward an agreement, while Iran denied finalizing any deal.