Trump Predicts End of Iran Conflict, Oil Plunges 10%

U.S. President Donald Trump's statements hinting at an imminent end to the Iran conflict drove a rebound in global stock markets and a sharp decline in oil prices on Tuesday. Wall Street posted modest gains: the Dow Jones Industrial Average gained 0.2%, the S&P 500 advanced 0.1% and the Nasdaq Composite rose 0.25%. These gains contrast with the simultaneous escalation of military operations, which both the Pentagon and Iranian authorities described as the most intense air strikes ever conducted.