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Trump's Cancellation Sends Oil Prices Plummet, Boosts US Stocks

Guavy AI Editorial Team
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Oil
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U.S. stocks may see an initial boost on Monday as crude oil prices plummet amid renewed optimism about an end to the conflict in the Middle East.

The major index futures are currently pointing to a higher open for the markets, with S&P 500 futures up by 0.6 percent.

This upward momentum comes after President Donald Trump posted on Truth Social that he had canceled a planned attack on Iran, leading to a nearly 7 percent plunge in U.S. crude oil futures.

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