Trump’s ‘War Over’ Claim Sends Oil to August Low, FTSE 100 Keeps Rising
Donald Trump’s off‑hand remark that the Iran war is “effectively over” sent oil prices spiralling down to their lowest point since late August, a six‑month trough that left traders breathing a collective sigh of relief.
While the barrel price took a tumble, the FTSE 100 did the opposite – it nudged higher, proving that the City can keep its head above the water even when geopolitics tries to pull it under.
Analysts noted that the dip could be a short‑lived reaction to the president’s comment, but some see it as a reminder of how quickly market sentiment can swing on a single sentence from a former leader.
In a world where headlines move markets faster than a trader’s coffee break, the lesson is clear: a casual claim can send oil tumbling, yet equities can still find a way to climb.
ASX 200 hits August high as miners lead the climb
The ASX 200 index rose 1.1% to reach its highest point in over two months, driven primarily by gains in heavyweight mining stocks.