Commodities

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A chaotic trading floor with traders reacting to market shifts, screens showing oil prices soaring and stock indices plummeting, reflecting the impact of geopolitical events.

Oil Surges Past $107, Stocks Tumble After Trump's Iran War Remarks

Global markets reversed course Thursday as oil prices surged and stocks fell following remarks by U.S. President Donald Trump that dampened hopes for a swift end to the Iran War. The sudden shift injects fresh volatility into an already tense economic landscape.

Olivia Hartwell·April 2, 2026