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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
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By Tristan BoveMarch 9, 2026
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AIAI layoffs are coming. The problem may be compounded because nearly 75% of people don’t apply for unemployment benefits
By Jacqueline MunisMarch 9, 2026
CryptoStrategy buys $1.3 billion of Bitcoin using mostly common stock
By Melos Ambaye and BloombergMarch 9, 2026
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By Joseph HostetlerMarch 9, 2026
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SuccessAfter 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 11 of 22
PoliticsSyria’s new rulers start talks with foreign governments as France raises flag at Damascus embassy for first time in over a decade
By Maher Al Mounes, Marisol Rifai and AFPDecember 17, 2024
PoliticsThis was Bashar al-Assad’s mansion. Syrians are now helping themselves to its opulence after the ousted dictator fled to Russia
By Maher Al Mounes and AFPDecember 8, 2024
PoliticsWho is Al-Jolani, the Syrian rebel who ended Assad’s rule?
By Selcan Hacaoglu, Sam Dagher and BloombergDecember 8, 2024
PoliticsBiden says US troops will remain in Syria to fight ISIS as Assad regime collapses
By Will Weissert and The Associated PressDecember 8, 2024
PoliticsSyrian rebels take over capital, as Russia says ousted leader Assad is in Moscow and given asylum
By Abdulrahman Shaheen, Abby Sewell and The Associated PressDecember 8, 2024
PoliticsSyria’s Assad is under siege and is making overtures to US
By Sam Dagher, Henry Meyer, Peter Martin, Fiona MacDonald and BloombergDecember 7, 2024
PoliticsIran is poised to ‘quite dramatically’ increase stockpile of near weapons-grade uranium, nuclear watchdog warns
By Jon Gambrell and The Associated PressDecember 7, 2024
FinanceWars and rising tensions spark global demand for arms, as sales hit record $632 million
By AFPDecember 2, 2024
Couple visiting Valencia
Personal FinanceHad enough of the U.S.? Consider this first, says a former American and relocation expert
By Alicia AdamczykNovember 30, 2024
TechIsraeli tech entrepreneurs and engineers from major companies like Google and Microsoft are seeking refuge in Europe
By Samuel BurkeNovember 27, 2024
FinanceMorgan Stanley joins US peers putting Mideast HQ in Riyadh
By Matthew Martin and BloombergNovember 24, 2024
MagazineIan Bremmer: Brace yourself — Trump’s foreign policy could reshape the business world
By Ian BremmerNovember 19, 2024
FinanceAsia’s fintech firms are eyeing the Middle East for expansion because of low competition and a ‘future friendly’ regulator
By Lionel Lim and Nicholas GordonNovember 18, 2024
Elon Musk at podium
PoliticsElon Musk met with Iran’s U.N. ambassador as Tehran may look to ease tension with Trump
By Matthew Lee, Edith M. Lederer and The Associated PressNovember 16, 2024
RetailBen & Jerry’s sues parent Unilever for muzzling it over Gaza
By Dasha Afanasieva and BloombergNovember 15, 2024
H.E. Fahd bin Abdulmohsan Al-Rasheed
ConferencesA Saudi government official had only 3 career options when he graduated but says his 16-year-old daughter has many more
By Jane ThierNovember 11, 2024
FinanceNetanyahu says he’s talked to Trump 3 times since the election as Israel strikes Lebanon, Gaza
By Wafaa Shurafa, Samy Magdy, Kareem Chehayeb and The Associated PressNovember 10, 2024
Trump appears with his mouth open and a MAGA hat
PoliticsDonald Trump assassination plot foiled by FBI in days leading up to election—prominent Iranian American journalist linked to murder-for-hire scheme
By Eric Tucker, Larry Neumeister and The Associated PressNovember 8, 2024
PoliticsIran supreme leader says ‘crushing response’ awaits US, Israel
By Arsalan Shahla and BloombergNovember 2, 2024
PoliticsIsrael’s limited attack on Iran may help foster a regional deal
By Ethan Bronner and BloombergOctober 26, 2024
Smoke rises from the site of an Israeli airstrike that targets a neighborhood in Beirut's southern suburbs on October 25, 2024. Israel expands operations in Lebanon nearly a year after Hezbollah begins exchanging fire in support of its ally, Hamas, following the Palestinian group's deadly attack on Israel on October 7, 2023. (Photo by Fadel Itani/NurPhoto via Getty Images)
PoliticsIsrael just launched an airstrike against Iran, following through on weeks of threats and escalating Mideast conflict
By Jon Gambrell and The Associated PressOctober 25, 2024
Hands are visible organizing trays of gold bars.
FinanceGold soars to record high on Middle East jitters, U.S. election
By Greg McKennaOctober 21, 2024
explosion in city
FinanceIsrael says it will attack Hezbollah’s financial arm ‘all over Lebanon’
By Wafaa Shurafa, Samy Magdy and The Associated PressOctober 20, 2024
Benjamin Netanyahu speaks at podium
PoliticsIsrael hones plans to attack Iran after attempt on Netanyahu
By Ethan Bronner and BloombergOctober 20, 2024
Benjamin Netanyahu speaks
PoliticsBenjamin Netanyahu says drone that targeted his house was an assassination attempt
By Adam Schreck, Samy Magdy and The Associated PressOctober 19, 2024
LeadershipThe world may be slipping backward into a ‘geopolitical risk supercycle,’ warns strategist and C-suite advisor
By John KellOctober 15, 2024
A plane flies over a hotel pool in Beirut
NewslettersFortune Archives: ‘Bikinis as usual’ in a war-weary city
By Indrani SenOctober 13, 2024
oil rigs at sunset
FinanceOil bets are most bullish in two years as Mideast tension flares
By Alex Longley, David Marino and BloombergOctober 6, 2024
Israeli army tank
PoliticsAn Israel-Iran war of attrition will be the new reality for a long time, scholar says
By Jason MaOctober 5, 2024
oil tanker at sea
FinanceOil ‘tourists’ pile into market amid biggest rally in two years
By Devika Krishna Kumar, Alex Longley and BloombergOctober 5, 2024
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