Breaking News
BREAKING: Oil Prices Slide, European Stocks Rebound On Trump’s Iran Remarks
Oil prices tumbled, and European stock markets rebounded on Monday in volatile trading as US President Donald Trump suddenly ordered a halt to strikes on Iranian energy infrastructure after claiming “very good” talks with Tehran.
Crude futures plunged more than 14 per cent after Trump’s comments on his Truth Social platform, a sharp contrast to his threatening talk over the weekend.
However, they later pulled back to trade down around nine per cent as Iran denied negotiations had taken place.
“We need to wait for more clarity,” UBS commodities analyst Giovanni Staunovo told AFP, as European gas prices declined four per cent.See more, details. .
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