"The Dow closed 450 points down, while the S&P 500 dipped 1.7%. The tech-heavy Nasdaq fell 2.3%, plunging into correction territory, which happens when an index falls at least 10% below its most recent peak."
"Oil prices have surged since the start of the conflict, reaching levels not seen since Russia's invasion of Ukraine pushed up global oil prices in 2022 and 2023."
"Trump said that oil prices have not gone up as much as I thought during a cabinet meeting on Thursday, It's all going to come back down to where it was, and probably lower."
"Once that happens, there is NO TURNING BACK, and it won't be pretty! Trump wrote. But later in the morning, Trump said that there were very substantial talks happening with Iran."
US markets faced their largest drop since the onset of the US-Israel war, with the Dow down 450 points and the S&P 500 falling 1.7%. The Nasdaq entered correction territory, dropping 2.3%. Oil prices surged, with Brent crude at $107 a barrel and US crude at $93. Trump stated that oil prices had not risen as much as expected and predicted a market recovery post-conflict. Despite mixed messages about negotiations with Iran, he noted substantial talks and a temporary pause on Iranian energy strikes.
Read at www.theguardian.com
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