Oil slides, stocks rebound on Trump's Iran remarks

NEW YORK, United States – Oil prices tumbled and stock markets rebounded Monday after US President Donald Trump suddenly ordered a halt to strikes on Iranian energy infrastructure after initially setting a 48-hour deadline, claiming “very good” talks with Tehran. Crude futures plunged more than 14 percent after Trump’s comments on his Truth Social platform, but pared those losses after Iran denied any talks were taking place. READ: trump-lifts-iran-threat-after-very-good-talks-on-ending-war Brent closed down 10.9 percent at $99.94 per barrel, while its US equivalent West Texas Intermediate lost 10.3 percent to $88.13. Sam Stovall of CFRA Research said the fact that Trump […]... Keep on reading: Oil slides, stocks rebound on Trump's Iran remarks

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