The stock market is responding favorably after President Trump said Monday morning that he would postpone his ultimatum for Iran to reopen the Strait of Hormuz. Trump had previously threatened to "obliterate" Iran's power plants if the strait wasn't reopened by Monday evening.
Breakdown
- Dow jumps over 1,000 points after Trump postpones Iran ultimatum 4s
- Oil prices drop following the announcement 19s
- Trump's administration signals interest in peace talks with Iran 32s
- Markets remain volatile, seeking more security and assurances 54s
- Economic impact depends on conflict duration and oil market stability 1m 16s