Oil Prices Plummet, Markets Rally on Trump-Iran Talks
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Oil prices plummeted following Trumps announcement of productive Iran talks, with Brent crude dropping 9.4% to $111.62 per barrel. US stock markets surged, with the S&P 500 climbing 1.2% for its best day since the war began. Iran denied the talks, but Trump delayed planned strikes, causing oil prices to dip further before recovering slightly. Markets across the board showed relief, with airlines and cruise lines leading the charge on Wall Street. Asian markets initially tanked, but Australian shares are set for a strong open, signaling hope for calmer times ahead if talks hold.
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