ReutersNew York: Oil prices plunged back toward $90 per barrel, and stock markets surged worldwide on Wednesday after President Donald Trump war with Iran.
The S&P 500 leaped 2.5% after Trump announced a two-week ceasefire with Iran, less than 90 minutes before a deadline Trump had set for it to open the Strait of Hormuz and allow oil tankers to exit the Persian Gulf.
Also Read: ‘Fraudsters and charlatans’: Trump warns of fake Iran deal terms, says only US-approved points will guide talks
The Dow Jones Industrial Average was up 1,,126 points, or 2.4%, as of 12.30 am on Thursday , and the Nasdaq composite was 2.3% higher following even bigger gains in European and Asian stock markets.
(You can now subscribe to our Economic Times WhatsApp channel)
The S&P 500 leaped 2.5% after Trump announced a two-week ceasefire with Iran, less than 90 minutes before a deadline Trump had set for it to open the Strait of Hormuz and allow oil tankers to exit the Persian Gulf.
Also Read: ‘Fraudsters and charlatans’: Trump warns of fake Iran deal terms, says only US-approved points will guide talks
The Dow Jones Industrial Average was up 1,,126 points, or 2.4%, as of 12.30 am on Thursday , and the Nasdaq composite was 2.3% higher following even bigger gains in European and Asian stock markets.
Add 
as a Reliable and Trusted News Source
as a Reliable and Trusted News Source
Add Now!
(You can now subscribe to our Economic Times WhatsApp channel)
(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.)
Subscribe to The Economic Times Prime and read the ET ePaper online.
(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.)
Subscribe to The Economic Times Prime and read the ET ePaper online.
