The Dow Adds 560 Points as Oil Prices Fall Off a Cliff - fool.com
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- Dow Jones surged 560 points as oil prices tumbled sharply after Trump called off a planned attack on Iran, according to CNBC.
- Goldman Sachs forecasts Brent crude will trade between $80 and $90 per barrel until either a US-Iran deal is reached or a major escalation occurs, per Reuters.
Why it matters: Goldman's $80-$90 Brent corridor means oil prices are now range-bound until diplomacy or escalation breaks the impasse, keeping energy costs and equity volatility tethered to US-Iran headlines rather than supply-demand fundamentals. The 560-point Dow move shows how a single presidential foreign-policy reversal can erase oil-driven market jitters in one session.
