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Oil Prices Drop, Stock Markets Surge After Trump Says That US and Iran Are in 'Final Stages'
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.
BREAKING: US oil prices extend losses, falling below $97.00 per barrel, after President Trump says the US is in "final stages" of a peace deal with Iran. pic.twitter.com/YGModFuCk3
— The Kobeissi Letter (@KobeissiLetter) May 20, 2026
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.
TREASURIES RALLY ON HOPE OF US–IRAN DEAL
— *Walter Bloomberg (@DeItaone) May 20, 2026
U.S. Treasury prices jumped and yields fell after President Donald Trump said Washington and Tehran were in the "final stages" of negotiations, raising hopes of easing tensions in global energy markets.
Lower oil-price fears helped calm… pic.twitter.com/QZcV8tHPLn