WS #12874
Trump confirms US-Iran talks and pause in strikes, sending Brent crude down ~8.7% and WTI down ~7.5%, with broad market relief rally in Dow Jones (+518 pts) but chip sector weakness. Houthis strike Saudi Aramco facilities and threaten Red Sea shipping; Ukraine renews long-range strikes on Russian oil infrastructure, but these are secondary to the de-escalation signal.
US-Iran De-escalation Drives Oil Plunge
Trump confirms US-Iran talks and pause in strikes, sending Brent crude down ~8.7% and WTI down ~7.5%, with broad market relief rally in Dow Jones (+518 pts) but chip sector weakness.
Houthis strike Saudi Aramco facilities and threaten Red Sea shipping; Ukraine renews long-range strikes on Russian oil infrastructure, but these are secondary to the de-escalation signal.