"At 7:46 a.m. Monday, Doornbos had posted on X that Iranian officials were still considering a U.S. proposal to end the war, 'centering around uranium enrichment.'"
"Brent crude began dropping steeply, down roughly 4% to about $4.50 a barrel, roundtripping hundreds of millions of dollars notionally across the front-month contract."
"By 11am, she made another post - 'she had a responsibility to clarify' - that her original post contained no news, at all."
"Ultimately, the day ended on a high: the S&P 500 had risen 1.02% to 6,886.24, wiping out every single day of losses since the beginning of the Iran war on February 28."
Markets opened down nearly 1% on Monday, influenced by a report on Iran's consideration of a U.S. proposal regarding uranium enrichment. Brent crude dropped about 4% initially, causing significant financial shifts. The reporter, Caitlin Doornbos, faced backlash for her post, which she later clarified contained no new information. Despite the initial drop, Brent crude prices rebounded, and by the end of the day, major stock indices like the S&P 500 and Nasdaq saw gains, recovering losses from the ongoing Iran war discussions.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]