Stocks rise, oil falls after signals of de-escalation of US-Iran conflict
Markets rise, oil falls after 'productive talks' between US and Iran / Photo: X / NYSE
U.S. stock futures rose sharply after U.S. President Donald Trump said Washington and Tehran have had "productive talks" over the past two days and signaled a suspension of strikes on Iranian power plants and energy infrastructure, CNBC reported.
Futures on the Dow Jones Industrial Average index rose 1,100 points, or 2.6%. Futures on the S&P 500 rose by 2%, while futures on the Nasdaq 100 also added 2%.
European stocks also rose sharply, with the pan-European Stoxx 600 index adding 1.3%, down almost 2% in earlier trading. France's CAC 40 rose 1.6%, Germany's DAX - 2%, Italy's FTSE MIB - 1.5%, Spain's IBEX 35 - 1.44%, and the UK's FTSE 100 - 0.3%.
Oil prices have fallen sharply: April futures for Mark WTI crude fell by 8% to $90.5 per barrel. International benchmark Brent fell in price by more than 6% - to 104.8 per barrel. At the moment, oil was falling by more than 13% - below $97 per barrel.
This article was AI-translated and verified by a human editor
