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The Guardian - UK

Business

Lauren Almeida, Phillip Inman and Graeme Wearden

Stock markets swing and oil prices fall after Trump postpones strikes on Iran power plants

Iran Donald Trump Oil Sir Keir Starmer United States Europe Gold Asia

Donald Trump — Donald Trump said on Saturday that he was giving Iran 48 hours to open the strait of Hormuz. Photograph: Kyle Mazza/NurPhoto/Shutterstock

Global stock markets swung wildly and oil prices fell on Monday after Donald Trump postponed US attacks on Iranian power plants for five days.

European stock markets, which had been falling sharply in the hours before Trump’s social media post, mostly rose on Monday as relieved investors digested the update.

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