🔶 Calm returns to global financial markets; oil prices fall

🔶 Calm returns to global financial markets; oil prices fall

As financial markets became calmer at the same time, while investors waited to see how developments unfold after U.S. President Donald Trump expressed doubts about a temporary ceasefire in the war with Iran, stock markets rose and oil prices fell.

The “Dow Jones” index increased by 139 points, equivalent to 0.3%, and the “Nasdaq” index also rose by 1.3%.

In the oil market, much of the price increase from the previous day was erased. The price of Brent crude oil, considered an international benchmark, fell by 2.2% to $76.30 per barrel. This figure is lower than the $78.02 price from the day before, but it remains higher than the $71.80 price at the end of the previous week.

The main concern is that, if a full-scale war resumes, tankers’ passage through the Strait of Hormuz could be halted and the transfer of crude oil from the Persian Gulf to customers around the world could be disrupted. Such a situation could intensify inflation; meanwhile, economists had expected inflation to fall along with the decline in oil prices. As a result, the U.S. central bank and other central banks may be forced to raise interest rates.