Wall Street surged Tuesday as speculation of a de-escalation in the Middle East conflict eased oil price and inflation fears. Major indexes rallied following reports of President Trump’s willingness to end military action against Iran. Investors are seeking indications of a normalized energy flow through the Strait of Hormuz.
Oil Price Today (April 2): Oil jumps 5% to cross $106/barrel after Trump’s comments erase de-escalation hopes
Oil prices have jumped back above $106 a barrel. President Donald Trump’s speech revived fears of more conflict in the Middle East. This comes after