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diplomacyMay 6, 2026
Markets cheer signs of a possible U.S.-Iran deal
Summary
Oil prices plummeted and Wall Street stocks surged on Wednesday after President Trump pointed to “great progress” toward reaching a peace that ends the U.S. war with Iran. The price of Brent crude oil, an international benchmark, dropped nearly 12% to below $100 per barrel.
Actors involved
Iran
Sources
- Tom Howell JrBy Tom Howell Jr
Oil prices plummeted and Wall Street stocks surged on Wednesday after President Trump pointed to “great progress” toward reaching a peace that ends the U.S. war with Iran. The price of Brent crude oil, an international benchmark, dropped nearly 12% to below $100 per barrel. Dow F…
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