'I think the war is pretty much over': markets rose after Trump's CBS comments

U.S. stocks changed dynamics sharply in the last hour before the stock exchanges closed: all four major stock indices began to grow rapidly, with the Nasdaq - by more than 1.5%. Brent crude oil went from a rapid rise earlier in the day to a drop of more than 5%.

The occasion was US President Donald Trump's words about the likely imminent end of the US war with Iran, which were posted on social network X by CBS White House correspondent Weijia Jiang after a phone interview.

"I think the war is pretty much over. They [Iran] have no navy, no communications, no air force," the journalist quoted Trump as saying. She said Trump added that the US was "very much" ahead of his original projections of four to five weeks for the duration of the operation against Iran.

Also, according to the reporter, Trump commented on the situation with the Strait of Hormuz, which connects the Persian Gulf to the ocean and plays a crucial role in the world's oil exports and is controlled by Iran. Ships are now passing through the strait, but Trump is thinking about "taking over" the strait, a CBS correspondent wrote.

Against this backdrop, U.S. stocks, which had been cheap for most of the day, moved sharply to growth. "Technological" index Nasdaq Composite at the moment was rising by 1.6%. The S&P 500 index was adding about 1%, while the Dow Jones blue-chip index was up 0.8%. The Russell 2000 index of small and mid-cap companies was also up more than 1%. The VIX index, known as the "Wall Street fear index," was down 16% to 24.76 points at one point. That's still above the psychological 20-point mark, indicating high volatility.

Brent oil, which in the morning reached almost $120 per barrel and was at the highest level since 2022, sharply lost all growth. Quotes began, on the contrary, to decline by more than 5% - they fell below $88 per barrel.

This article was AI-translated and verified by a human editor