Japanese Stocks Surge 3.5% to Record High on U.S.-Iran Peace Hopes
Japan’s stock market climbed 3.5% to a record high as optimism grew around a possible U.S.-Iran peace agreement.
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Japan’s stock market climbed 3.5% to a record high as optimism grew around a possible U.S.-Iran peace agreement.
Oil prices climbed after Trump said the U.S.-Iran ceasefire remains on “massive life support,” renewing supply disruption concerns.
Brent crude oil plunged more than 11% as easing geopolitical concerns reduced fears of supply disruptions.
Bitcoin and Nasdaq futures rose sharply as oil prices fell on renewed hopes for a U.S.-Iran peace agreement.
U.S. equities shed roughly $650 billion as investors react to an approaching Trump deadline. Rising oil prices and geopolitical uncertainty are weighing on markets.
Oil drops 16% in one hour, marking one of the largest intraday declines in market history.
Gold recorded its steepest weekly decline in more than four decades, falling 11% to $4,488 per ounce. Rising oil prices and expectations of prolonged high interest rates weakened its safe-haven appeal.
Brent reaches $87 and U.S. crude tops $80 for the first time in over a year as oil prices surge.