The Dow Jones (DJIA) opened the trading week up by over 1.5% after President Trump pulled back on his plan to attack Iran’s energy infrastructure and said that a deal could be reached with the country in “five days or sooner.”
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Forget margin or options. Here's how the pros trade QQQOver the weekend, Trump warned that the U.S. would attack Iran’s power plants within 48 hours unless the Strait of Hormuz was reopened. That plan was postponed for five days following “very good and productive conversations” between the two sides.
Iran Dismisses Trump Remarks as Oil Prices Sink
However, Iran’s Tasnim News Agency, citing the country’s Foreign Ministry, labeled Trump’s comments as a bid to buy time and lower oil prices. Brent crude futures (BZ), the international benchmark for oil, are down by 8% today.
The ministry added it has been in communication with various intermediaries since the beginning of the war, although “no negotiations with Trump are taking place.”