The possible end of the Iran war has markets surging

Peace is the prize.

About three months into the military confrontation in Iran wrecking the world’s economy and sending energy costs skyrocketing, hope is kindled.

Today, oil prices are dropping, and stock markets are surging after US President Donald J. Trump said the US and Iran were in the ‘final stages’ of peace talks.

The Telegraph reported:

“Mr. Trump told White House reporters on Wednesday: “We’re in the final stages of Iran; we’ll see what happens.

‘We’ll either have a deal or we’re going to do some things that are a little bit nasty. But hopefully that won’t happen’.”

Government borrowing costs also fell sharply around the world.

Reuters reported:

“Trump had earlier said that the United States ​may need to strike Iran again and had been an hour away from ordering an attack before its postponement.

Citi said on Tuesday that it expects Brent crude to rise to $120 a barrel in the near term, stating that oil markets are underpricing ​the risk of a prolonged supply disruption.

Similarly, PVM analysts said global oil stocks could reach critically low ​levels. ‘Yet, as observed lately, market players are comparatively nonchalant (or complacent) about what the conflict might bring’, PVM said.”

Read more:

(VIDEO) Trump Says Iran Ceasefire on “Life Support” After “Garbage” Proposal from Iran

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