Iran announced it was ending its military operation against Israel. Oil slowed down

Iran's Central Military Command has announced the end of the current military operation against Israel, Bloomberg and Financial Times report with reference to the Iranian news agency Fars. At the same time, the Iranian military made it clear that it would take retaliatory measures if the Israeli strikes on Lebanon are resumed.

Against this background, oil prices slowed down: the cost of Brent contracts, which jumped up to $98 per barrel on June 8, fell to $94.56 (up 1.7% against the previous close), WTI traded at $92 - also rose by 1.7%; at the intraday maximum its prices were rising above $95.

The Iranian statements also partially calmed the markets: the "Wall Street Fear Index" - VIX - fell more than 12% to 18.8 points - any value above 20 is considered an indicator of increased volatility in the markets. VIX jumped to this level earlier on June 8 - amid the escalation of the conflict in the Middle East. Futures on the S&P 500, which were falling after the first reports of Iranian strikes on Israel, are now adding 0.6%, the Nasdaq 100 is up 1.25% and the Dow Jones is up 0.2%.

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