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Stocks stage massive upside reversal as oil plunges after Trump says Iran war could be over soon

Later on Friday, Trump said also he plans to waive oil-related sanctions and claimed “we’ve already won in many ways, but we haven’t won enough.”

By Eva RoytburgMarch 9, 2026

Trump says war to end ‘very soon,’ floats removing oil sanctions

By Kate Sullivan, Josh Wingrove and BloombergMarch 9, 2026

trump

Something will cause inflation to go up this year, but it’s not oil

By Steve H. Hanke and John GreenwoodMarch 9, 2026

iran

U.S. intel assessment: Iran regime change was unlikely in either short or long war, sources say

By Michelle L. Price, Mary Clare Jalonick and The Associated PressMarch 9, 2026

Like Trump, Iran’s new supreme leader is a real estate mogul, with a house on ‘Billionaires’ Row,’ a villa in Dubai, and upscale European hotels

By Jason MaMarch 9, 2026

three men speak on conference stage

Dubai’s signature Token2049 crypto event set to go forward even as other conferences hit pause amid growing conflict

By Carlos GarciaMarch 9, 2026

Latest Stories

Man with facial hair looking to the side wearing a suit and tie.

Investing Oracle is under pressure from more than $100 billion in debt and massive layoffs as it pushes ahead with Larry Ellison’s 3-step transformation

By Amanda GerutMarch 9, 2026

AI Nobel laureate Joseph Stiglitz warns AI’s hunger for internet comments could degrade the world’s ‘information ecosystem’

By Catherina GioinoMarch 9, 2026

A woman in a red coat holds up a sign that says, “Shouldn’t hurt to be a nurse.”

Economy Health care has been propping up a shaky labor market. For the first time in over four years, the sector shed thousands of jobs

By Sasha RogelbergMarch 9, 2026

Real Madrid player Jude Bellingham pours water on his face during a break

Arts & Entertainment The 2026 World Cup will bring a uniquely American sports tradition to the beautiful game: Mid-match ad breaks

By Tristan BoveMarch 9, 2026

People wait outside a building

AI AI layoffs are coming. The problem may be compounded because nearly 75% of people don’t apply for unemployment benefits

By Jacqueline MunisMarch 9, 2026

Crypto Strategy buys $1.3 billion of Bitcoin using mostly common stock

By Melos Ambaye and BloombergMarch 9, 2026

Personal Finance How to invest in gold: 6 ways to buy this precious metal

By Joseph HostetlerMarch 9, 2026

Paris Hilton poses on the red carpet.

Success After losing her Malibu home, Paris Hilton is raising $1 million to get women-owned businesses back on their feet

By Gabriela Aoun Angueira and The Associated PressMarch 9, 2026

More Middle EastPage 10 of 22

Conferences Fortune Most Powerful Women International Summit Riyadh 2025 livestream

By Fortune EditorsMay 20, 2025

U.S. President Donald Trump shakes hands with Saudi Crown Prince Mohammed Bin Salman during Trump's visit to the Middle East.

Politics Why filling the Strategic Petroleum Reserve could be the secret to success of Trump’s Middle East visit

By Jordan BlumMay 16, 2025

Donald Trump and Saudi Crown Prince Mohammed bin Salman walk together

Politics Saudi Arabia’s $600 billion promise to the U.S. needs oil prices to stay high—which will likely anger Trump

By Irina IvanovaMay 15, 2025

Potential customers inspect a new BYD vehicle on a showroom floor.

Features BP’s chief U.S. economist worries China is winning the global energy war. Here’s why

By Jordan BlumMay 14, 2025

Tech Saudi Arabia wants to build its post-oil future with massive AI data centers — Trump and U.S. tech have big incentives to oblige

By Sharon GoldmanMay 13, 2025

US President Donald Trump gestures as he walks to board Air Force One

Politics Trump heads to Middle East amid crises in Gaza, Iran and India-Pakistan, but insists: ‘This world is a lot safer today than it was a week ago’

By Aamer Madhani, Darlene Superville and The Associated PressMay 13, 2025

Politics Trump calls Qatar plan to give him a luxury Boeing 747 to use as Air Force One a ‘very public and transparent transaction’

By Zeke Miller, Will Weissert and The Associated PressMay 12, 2025

Queen Elizabeth II presents Godolphin founder Sheikh Mohammed bin Rashid Al Maktoum with a trophy during day five of Royal Ascot at Ascot Racecourse.

Politics Sovereignty’s Kentucky Derby win cemented the UAE prime minister’s dominance of horse racing

By Greg McKennaMay 6, 2025

Finance Geopolitics helps drive Middle Eastern money to Asia as wealthy Gulf investors hedge their bets

By Nicholas GordonApril 20, 2025

Politics Iran and US agree to more talks over Tehran’s nuclear program after first round in Oman

By Jon Gambrell and The Associated PressApril 12, 2025

Rachel Zegler attends the World Premiere of Walt Disney Studios' "Snow White" at El Capitan Theatre on March 15, 2025 in Los Angeles, California

Companies ‘Snow White’ producer’s son defends his dad reprimanding star Rachel Zegler over ‘immature desires’ that ‘hurt the film’s box office’

By Christiaan HetznerMarch 27, 2025

Vice President JD Vance and Secretary of Defense Pete Hegseth sitting on a couch in the Oval Office

Politics Leaked text messages reveal the U.S. bombed the Houthis’ ‘top missile guy’ as he was ‘walking into his girlfriend’s building’

By Paolo ConfinoMarch 26, 2025

Yemeni children, one of them carrying a mock missile, walk next to a billboard depicting the Houthi leader Abdul Malik Al-Houthi to partake in a demonstration staged against the United States' aerial attacks on the capital Sana'a, and other provinces on March 17, 2025 in Sana'a, Yemen

Politics JD Vance says the Suez Canal only matters for European trade. He is both correct and mistaken at the same time, a top strategist says

By Greg McKennaMarch 26, 2025

Politics Trump orders airstrikes on Houthi rebels in Yemen and warns Iran to stop supporting them

By Michelle L. Price, Samy Magdy, Lolita C. Baldor and The Associated PressMarch 15, 2025

Commentary Is Saudi Arabia the next China or India? See for yourself

By Angela Chitkara and Curtis S. ChinMarch 6, 2025

U.S. President Donald Trump, accompanied by Israeli Prime Minister Benjamin Netanyahu (L), speaks during a meeting in the Oval Office of the White House on February 04, 2025.

Politics President Trump reveals vision for Gaza in AI video with luxury yachts, belly dancers, and a towering gold statue of himself

By Christiaan HetznerFebruary 26, 2025

A Microsoft building with a large Israeli flag hanging from the exterior

Tech Israel’s use of Microsoft and OpenAI raises questions about what could go wrong with the powerful tech

By Sam Mednick, Garance Burke, Michael Biesecker and The Associated PressFebruary 19, 2025

Politics French President Macron denounces Trump’s Gaza takeover plan: ‘The right answer is not a real estate operation’

By Alena BotrosFebruary 12, 2025

Trump sits in the Oval Office with Jordan's King Abdullah II while patting his hand

Politics Trump insists Palestinians are ‘going to be in love with’ America’s transformation of Gaza into a tourist destination: ‘We’re not going to buy anything. We’re going to have it’

By Zeke Miller, Chris Megerian and The Associated PressFebruary 11, 2025

Politics Why a performer at Kendrick Lamar’s Super Bowl halftime show unfurled a flag mentioning Sudan and Gaza

By Jon Gambrell and The Associated PressFebruary 10, 2025

Politics Trump once again likens Chuck Schumer to Palestinian people while doubling down on his Gaza takeover proposal

By Alena BotrosFebruary 6, 2025

Trump pumps his fist at a press conference welcoming Israeli Prime Minister Benjamin Netanyahu

Politics Egypt officials say Trump’s proposal to empty Gaza is a grave threat to its national security—and its half-century peace deal with Israel is at risk

By Samy Magdy and The Associated PressFebruary 6, 2025

US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu

Politics Israeli defense minister gets in line with Trump’s Gaza proposal, instructs army to prep for massive Palestinian evacuation

By The Associated PressFebruary 6, 2025

Trump speaks in front of the American and Israeli flags

Politics Just one day after Trump called to ‘permanently’ resettle Palestinians from Gaza and build the ‘Riviera of the Middle East,’ US officials say Trump meant it would only be temporary

By Matthew Lee, Zeke Miller and The Associated PressFebruary 5, 2025

U.S. President Donald Trump arrives to speak during an election night event

Politics Trump’s proposal of U.S. developing Gaza into ‘Middle East Riviera’ draws global outrage: ‘Ethnic cleansing by another name’

By Christiaan HetznerFebruary 5, 2025

Politics Trump suggests U.S. could take over Gaza and redevelop it—permanently resettling Palestinians elsewhere

By Will Weissert, Michelle L. Price, Zeke Miller and The Associated PressFebruary 5, 2025

Trump walks with Netanyahu along the White House in 2020

Politics Trump says there are ‘no guarantees that the peace is going to hold’ between Israel and Gaza

By Aamer Madhani, Tia Goldenberg and The Associated PressFebruary 4, 2025

Politics Gaza ceasefire takes hold and the first handover of hostages is underway

By The Associated PressJanuary 19, 2025

Politics Former agents explain how Israel got its exploding pager plan to work: Shell companies and fake YouTube ads

By Darlene Superville and The Associated PressDecember 23, 2024

Politics 2 US Navy pilots shot down over Red Sea in apparent ‘friendly fire’ incident, US military says

By The Associated PressDecember 22, 2024

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