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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.
InvestingOracle 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
AINobel 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.”
EconomyHealth 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 & EntertainmentThe 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
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
Personal FinanceHow to invest in gold: 6 ways to buy this precious metal
By Joseph HostetlerMarch 9, 2026
Paris Hilton poses on the red carpet.
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 12 of 22
The S&P 500 at close of day Thursday, Oct. 3.
FinanceOil prices jump and Wall Street slides as investors eye Middle East tensions
By Brooke SeipelOctober 3, 2024
LeadershipCEOs shouldn’t worry about the economic fallout from the Israel-Iran conflict—yet
By Lila MacLellanOctober 3, 2024
men holding picture of Hassan Nasrallah
PoliticsThese 7 high-ranking Hezbollah officials were killed in the past week
By Kareem Chehayeb, Jack Jeffery and The Associated PressSeptember 29, 2024
Hezbollah leader Sayyed Hassan Nasrallah
PoliticsHezbollah confirms its leader Hassan Nasrallah was killed in an Israeli airstrike
By Bassem Mroue, Melanie Lidman and The Associated PressSeptember 28, 2024
NewslettersSam Altman’s quest for cheap AI power will be fueled by Middle East billions. But the true cost goes beyond money
By Sharon GoldmanSeptember 24, 2024
Hsu Ching-kuang, founder of Taiwan pager supplier Gold Apollo
Middle EastSupply chain mystery surrounds how Hezbollah’s pagers and walkie-talkies were turned into miniature bombs
By Christiaan HetznerSeptember 19, 2024
TechTaiwan brand behind Lebanon’s exploding pagers shifts blame to low-profile Hungarian manufacturer
By Jane Lanhee Lee and BloombergSeptember 18, 2024
Jamie Dimon
FinanceAhead of the Fed meeting, Jamie Dimon weighs in on rate cuts
By Hannah Levitt and BloombergSeptember 17, 2024
Photo of Jonathan Bloomer
FinanceYacht tragedy forces Morgan Stanley to find new international chair even as grief is fresh
By Michael del CastilloSeptember 3, 2024
PoliticsIsrael launches pre-emptive attack on Hezbollah, which fires hundreds of missiles in return
By Yi Wei Wong, Galit Altstein and BloombergAugust 25, 2024
Air India flies near the landmark Burj Khalifa skyscraper,
FinancePeople are getting rich in Dubai despite Middle East conflict
By The Associated PressAugust 16, 2024
Satya Nadella
TechIranians are creating fake websites and impersonating activists to create chaos in the U.S., Microsoft found
By Ali Swenson and The Associated PressAugust 9, 2024
Iranian leader Ali Khamenei
FinanceOil price surges after assassination of Hamas leader in Iran, sparking new fear of war and inflation
By Christiaan HetznerJuly 31, 2024
McDonald's CEO Chris Kempczinski
RetailMcDonald’s CEO says Muslims’ Gaza boycott hurt quarterly sales
By Christiaan HetznerJuly 30, 2024
Casey Tylek
HealthVeterans with PTSD are pushing for psychedelic drug therapy
By Matthew Perrone and The Associated PressJuly 26, 2024
Masoud Pezeshkian holds up fist
PoliticsIran’s new president is a reformist and heart surgeon who uses English business jargon and wants to revive the nuclear deal with the West
By Golnar Motevalli, Arsalan Shahla and BloombergJuly 6, 2024
NewslettersWar in Europe is waking CEOs up from their ‘geopolitical nap’
By Peter Vanham and Nicholas GordonJune 20, 2024
NewslettersElon Musk and Larry Fink—ideological opposites—find common ground: the pursuit of shareholder democracy
By Peter Vanham and Nicholas GordonJune 12, 2024
Benny Gantz makes fist
PoliticsBenny Gantz quits Israel’s government, saying Netanyahu is preventing a ‘true victory’ over Hamas
By Alisa Odenheimer, Galit Altstein and BloombergJune 9, 2024
Visitors are seen during the first public day of the Geneva International Motor Show in Geneva
NewslettersThe Geneva Motor Show is ditching Europe for Qatar as the global jet set looks east
By Peter Vanham and Nicholas GordonJune 5, 2024
MagazineI went to a ‘fitness hotel’ in Dubai, where execs shell out thousands for grueling workouts, luxe recovery sessions, and Michelin-starred feasts
By Rainbow NelsonJune 1, 2024
A Columbia University student walks through a nearly empty campus after police cleared out a Gaza protest encampment on May 06, 2024.
PoliticsCivil disobedience and calls for financial divestments ‘have an important place in democracy’—but many schools also have donors to worry about
By Sunny NagpaulJune 1, 2024
Iranian President Ebrahim Raisi speaks at podium
PoliticsIran’s president and foreign minister found dead at site where helicopter crashed
By Arsalan Shahla and BloombergMay 20, 2024
Benjamin Gantz stands near flag
PoliticsBenny Gantz threatens to leave Israel’s war cabinet if Netanyahu doesn’t meet demands, warning against ‘path of fanatics’ that will lead to the ‘abyss’
By Ethan Bronner, Galit Altstein and BloombergMay 18, 2024
Harvard protest
PoliticsHarvard protesters voluntarily withdraw after administration agrees to discuss endowment concerns
By Michael Casey and The Associated PressMay 14, 2024
Secretary of State Antony Blinken speaks
PoliticsSecretary of State Antony Blinken says Israel should get out of Gaza and ‘acted in ways that are not consistent’ with international law
By Josh Boak and The Associated PressMay 12, 2024
United Nations
PoliticsU.S. is one of just 9 countries to vote against granting new ‘rights and privileges’ to Palestine in UN General Assembly
By Edith M. Lederer and The Associated PressMay 11, 2024
Steve Wozniak addressing students as the keynote speaker at the University of California, Berkeley's commencement ceremony on May 13, 2023.
SuccessApple cofounder Steve Wozniak was expelled from the school where he just delivered his commencement speech—’be leaders, not followers’
By Sunny NagpaulMay 11, 2024
Joe Biden, Benjamin Netanyahu
PoliticsWhite House report criticizes Israel but draws no conclusion about breaking international law, sources say
By Aamer Madhani, Ellen Knickmeyer, Michael Balsamo, Zeke Miller and The Associated PressMay 10, 2024
New York protests
PoliticsNYC real estate developer hit a pro-Palestinian protest with his car, police say
By Jake Offenhartz and The Associated PressMay 9, 2024
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