Merchants work on the ground of the New York Inventory Trade throughout morning buying and selling on February 24, 2026 in New York Metropolis.
Michael M. Santiago | Getty Pictures
Inventory futures shot increased in a sudden transfer after President Donald Trump stated the U.S. and Iran have held productive talks over the past two days and he was halting any strikes on Iranian energy vegetation and vitality infrastructure.
Dow Jones Industrial Average futures jumped 1,100 factors, or 2.6%. S&P 500 futures rose 2.7%, and Nasdaq-100 futures added 2.7%.
Crude costs tanked after Trump’s submit with West Texas Intermediate futures falling greater than 9% to under $90 a barrel. Worldwide benchmark Brent fell greater than 13% to under $97 a barrel.
“I’m happy to report that the US of America, and the nation of Iran, have had, over the past two days, superb and productive conversations relating to a whole and complete decision of our hostilities within the Center East,” wrote Trump in a Truth Social post. “Primarily based on the tenor and tone of those in depth, detailed, and constructive conversations, which is able to proceed all through the week, I’ve instructed the Division of Warfare to postpone any and all army strikes in opposition to Iranian energy vegetation and vitality infrastructure for a 5 day interval, topic to the success of the continuing conferences and discussions.”
Dow futures, 1 day
Trump’s announcement got here because the Iran war entered its fifth week, with tensions escalating over the weekend. Trump had threatened an assault on Iranian energy vegetation if the Strait of Hormuz — a key transport route for oil and different vitality merchandise — is not reopened. Iran responded in flip stated it could goal U.S. infrastructure, together with vitality and desalination amenities within the Gulf, if the U.S. carried out its risk.
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