Stocks Rise, Oil Falls as Trump Eases Iran Threats: Markets Wrap

A possible de-escalation in the Middle East conflict rippled through markets, with oil falling and stocks rising as President Donald Trump said he’d postpone strikes on Iranian energy infrastructure after what he described as productive talks toward ending hostilities.

Brent dropped over 14% before trimming losses as Iran denied the discussions, but it closed below $100. The S&P 500 added about 1%. Bond yields and the dollar retreated, with traders backing off some of their more hawkish Federal Reserve bets, pricing in a few basis points of easing this year.