Financial markets are responding positively to signals from both the United States and Iran suggesting a potential end to the ongoing conflict. The US sharemarket jumped almost 3 percent on Tuesday, with a record ratio of advancing stocks.
Market Response to Potential End of Conflict
The US sharemarket rose nearly 3 percent on Tuesday, and the ratio of stocks rising compared with those falling reached record levels. Bond yields, which had increased since the start of the conflict, eased, and oil prices fell to their lowest levels in almost a week.
Investors are reacting to comments made by Donald Trump, including a Wall Street Journal report that he indicated a willingness to end the conflict even if the Strait of Hormuz remained closed. Additionally, Iran’s president, Masoud Pezeshkian, reportedly told the European Council’s president, Antonio Costa, that Iran is open to ending the war with guarantees to prevent its recurrence, according to a state news agency report.
Trump stated to the New York Post that the US “is not going to be there [Iran] too much longer.” He also told the White House press pool that the US was “finishing the job” and anticipated action would conclude within two to three weeks.
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