Trump says US‑Iran talks, oil drops to $96, stocks rise
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Trump posted on Truth Social that the U.S. and Iran held “complete and total” talks to end hostilities and ordered a five‑day pause on strikes against Iranian power plants, pending further discussions.
- Iran’s foreign ministry denied any negotiations, calling Trump’s claim “fakenews” and asserting no talks had taken place.
- Brent crude fell from a high of $113 per barrel to a low of $96 per barrel after Trump’s comments, before modestly rebounding.
- European stocks rallied, with the FTSE 100 ending flat after a >2% drop, the DAX closing 1.2% higher, and the CAC up roughly 0.9%.
- U.S. indices rose, as the S&P 500 gained more than 1.1% and the Dow Jones climbed nearly 1.4% following the announcement.
- Asian markets had earlier slumped, with Japan’s Nikkei down 3.5% and South Korea’s Kospi down 6.5% before Trump’s statement.
- International Energy Agency head Fatih Birol warned the war could trigger the worst energy crisis in decades, likening it to the 1970s oil shocks and Russia’s 2022 invasion of Ukraine.
Why it matters: Oil‑dependent economies and consumers face lower fuel costs as Brent retreats, while investors benefit from rising equity markets; the denial by Iran underscores the fragility of diplomatic signals that can swing commodity and equity prices within hours for traders and policymakers.
