
According to Al Jazeera, President Trump’s ceasefire extension and conflicting remarks on possible military action pushed U.S. crude below $90 per barrel while worsening investor sentiment and sending major U.S. stock indexes lower.
U.S. markets weakened as uncertainty around an Iran ceasefire and President Trump’s conflicting comments on possible military action weighed on investor sentiment. According to Al Jazeera, the Dow Jones Industrial Average fell by nearly 200 points and all major U.S. stock indexes closed lower, while U.S. crude oil reversed earlier gains and fell back below $90 per barrel after Trump extended the U.S. ceasefire with Iran. Markets focused on Middle East uncertainty and Iran’s response, producing a risk-off tone across traditional financial assets.