NEW YORK, March 23 : Global stocks rebounded from a four-month low after U.S. President Donald Trump announced a delay in potential strikes against Iranian energy infrastructure, reducing concerns over rising oil prices.
The move came ahead of a tense deadline in the ongoing Middle East conflict. Trump claimed "VERY GOOD AND PRODUCTIVE" talks with Iran about resolving hostilities.
Oil prices dropped more than 8 per cent, while the dollar weakened and government borrowing costs fell. The Dow Jones surged 2.24 per cent, the S&P 500 gained 2.09 per cent, and the Nasdaq rose 2.28 per cent.
However, Iranian media disputed Trump's claims, stating no negotiations were underway and that energy markets would remain unstable.
Investors adjusted expectations for central bank rate hikes, with bond yields declining in response to the geopolitical relief.