Iran Energy Triage
FILE - Liberia-flagged tanker Shenlong Suezmax, carrying crude oil from Saudi Arabia, that arrived clearing the Strait of Hormuz, is seen at the Mumbai Port in Mumbai, India, Thursday, March 12, 2026. (AP Photo/Rafiq Maqbool, File)
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Relief is ripping through financial markets after President Donald Trump said the United States has talked with Iran about a possible end to their war. Oil prices are falling sharply Monday, and U.S. stocks are jumping following severe losses elsewhere in the world before Trump’s announcement. The S&P 500 leaped 2% and was flirting with its best day since last summer. The Dow Jones Industrial Average rose as many as 1,134 points before paring its gain to 1,032, and the Nasdaq composite jumped 2.3%. Oil prices sank roughly 12%, but they had been down more before Iran denied having negotiations with the United States.
