Oil prices jump and stocks slide after Trump says Iran ceasefire is 'over' before walking back remarks
Oil prices surged and global stock markets fell after President Donald Trump declared the ceasefire with Iran was "over," though markets partially recovered after he later clarified the recent fighting did not mean a return to full-scale war. The S&P 500 initially fell 1.1% before trimming losses to 0.3%, while the Dow dropped 1.1% and Brent crude climbed 5% above $78 per barrel. Trump's mixed messages on the conflict have created uncertainty about inflation and economic stability.
Key quotes
Trump said the ceasefire agreement was 'over'
Trump said in the afternoon that the most recent fighting did not mean a return to full-scale war
They're his latest mixed messages on what will happen with the war, which threatens to worsen inflation for the world
From the article
You might also wanna read
Oil prices rise, and stocks drop worldwide after Trump says ceasefire with Iran is 'over'
Oil prices rise, and stocks drop worldwide after Trump says ceasefire with Iran is 'over'
US stocks today: Oil jumps nearly 5%, shares tumble as Trump declares Iran ceasefire 'over'
Oil prices leap, stocks drop after Trump says Iran ceasefire is over
Oil jumps 5%, stocks fall after Trump declares Iran ceasefire 'over' and signals more strikes
Oil prices surged over 5% and stocks fell after President Donald Trump declared the U.S. ceasefire deal with Iran "over" during the NATO sum
NBC News·17h agoOil jumps 5%, stocks fall after Trump declares Iran ceasefire 'over' and signals more strikes
Oil prices surged over 5% and stocks fell after President Donald Trump declared the U.S. ceasefire deal with Iran "over" during the NATO sum
nbcnews.com·17h ago
Markets fall sharply and oil rises due to the breakdown of the ceasefire with Iran
Comments
Sign in to join the conversation.
No comments yet. Be the first.