Dow futures jump 700 points after Trump says U.S. and Iran have held ‘productive’ talks | US-Iran War | March 23 | CNBC TV18
Stock futures rallied after President Donald Trump said the U.S. and Iran have held talks and that he was halting strikes on Iranian power plants and energy infrastructure, giving investors hope that the Middle East conflict that spiked oil prices and raised fears of a global recession was nearing an end.
Crude prices tanked after Trump’s post with West Texas Intermediate futures falling more than 9% to below $90 a barrel. International benchmark Brent fell more than 13% to below $97 a barrel.
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