Global stocks, oil prices stabilize as Iran anxiety eases
Global stock markets and oil prices are up slightly as anxiety over potential U.S.-Iranian armed conflict eased.
Market benchmarks in London, Frankfurt, Shanghai and Hong Kong are up Thursday. Wall Street futures are pointing to gains on the open.
Stocks sank after Iran retaliated for the U.S. killing of an Iranian general by firing missiles at bases housing Americans in Iraq.
But anxiety subsided after reports indicated no Americans died and Iran’s foreign minister said his country had concluded “proportionate measures in self-defense.”
Gains accelerated after President Donald Trump said Iran “appears to be standing down.”