economy
Oil and Gas Prices Fell: Stock Markets Reacted After Trump's Decision on Iran
European stock markets mostly rose, while oil and gas prices fell after Donald Trump temporarily postponed a planned military strike on Iran.
TL;DR
- European stock indices were mixed, with some rising and others falling.
- Brent crude oil price fell to around $110 per barrel, and WTI crude oil price decreased.
- The decline in oil prices is attributed to reduced geopolitical tension following the US president's decision to temporarily halt a planned military strike on Iran.
- Gas prices on TTF decreased slightly but remain 24% higher than last month.
- US indices, S&P 500 and Nasdaq, experienced slight declines.
- Gold prices remained stable around $4,590 per ounce.
- The euro's exchange rate against the dollar was around $1.164.
- Wheat prices increased by 2.01%.