Oil prices fell sharply today, while global stock markets rallied, following remarks from U.S. President Donald Trump suggesting the U.S.–Israel conflict with Iran might conclude sooner than expected.
Brent crude dropped below $90 a barrel, down nearly 10% from recent highs.
U.S. WTI crude also fell amid easing fears of prolonged supply disruptions.
Asian and European stock markets surged as investors regained confidence.
Wall Street indices rebounded after earlier losses triggered by geopolitical tension.
Trump described the conflict as “very complete” and said it could wrap up “very soon,” calming jitters in energy and equity markets. Analysts, however, caution that uncertainty remains, as Tehran has warned of potential disruptions to Gulf oil exports if tensions persist.
The market relief underscores how sensitive global oil and stock markets remain to developments in the Middle East.
Welcome to KjtsonBlog, your trusted source for Nigerian celebrity news, Naija entertainment updates, and trending news in Nigeria. Stay connected to the latest gist, events, and stories across Naija and worldwide.