Trump announces "Iran war is about to end" Oil prices plummet accordingly European stock markets rebound

U.S. President Donald Trump hinted that the Iran war is nearing its end, causing international oil prices to plummet and European stock markets to rebound. During a press conference at Mar-a-Lago in Florida, President Trump emphasized that the U.S. has made far greater progress than expected in the Iran conflict and that the war will end soon.

This statement, combined with the G7’s announcement of potentially releasing strategic oil reserves to stabilize prices, led to a decline in international oil prices from nearly $120 per barrel the previous day to around $90. The drop in oil prices reduces energy costs, which generally has a positive effect on the stock market.

On that day, the European blue-chip STOXX 50 index rose by 2.37%, closing at 5,819.86 points, showing strong performance. Germany’s DAX index increased by 2.14%, Italy’s Italy 40 index by 2.23%, and Spain’s IBEX 35 index by 2.28%, with major European stock markets generally rising. France’s CAC 40, the UK’s FTSE 100, and Switzerland’s SMI also continued their upward trend.

European natural gas prices also fell sharply. According to Bloomberg, the Dutch TTF futures price dropped 15% to €47.99 per megawatt-hour. This indicates that stable energy prices are positively impacting the overall European economy.

This situation could have significant implications for future international relations and energy markets. If oil prices remain stable, it will help stabilize consumer prices and support economic recovery. Additionally, if geopolitical uncertainties decrease, global financial markets are expected to receive a more positive boost.