Oil prices ease and stock markets jump as hopes rise for an end to the Iran war
The Times-Tribune.com· 115 words · 1 min read
NEW YORK (AP) -- Relief is flowing through financial markets Monday after President Donald Trump said the United States has talked with Iran about a possible end to their war. Oil prices are easing, and stock prices are jumping on Wall Street following severe losses taken elsewhere in the world before Trump's announcement.
The price for a barrel of Brent crude fell 10.5% to $100.46, down from nearly $120 at one point last week, after Trump said the United States and Iran held productive talks the last two days "regarding a complete and total resolution of our hostilities in the Middle East." The S&P 500 rose 1.3% toward its best day since the war began.