Oil plunges, stocks surge on Trump's Iran reprieve

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Global crude oil prices fell about 10% and Wall Street stocks rallied after Donald Trump said he was holding off military strikes on Iran's power plants following "constructive talks" with Tehran, despite Iran denying it was negotiating a deal. Meanwhile, France is looking at the possibility of increasing the country's refining capacity to cushion the impact of higher petrol prices on consumers, but is stopping short of cutting fuel taxes. 

By:

Yuka Royer


© France 24 - International breaking news, top stories and headlines|Breaking news and world news from France 24 on Business, Sports, Culture. Video news. News from the US, Europe, Asia Pacific, Africa, Middle East, America

Source: France 24 - International breaking news, top stories and headlines|Breaking news and world news from France 24 on Business, Sports, Culture. Video news. News from the US, Europe, Asia Pacific, Africa, Middle East, America|Oil plunges, stocks surge on Trump's Iran reprieve