Svmuureported that according to MSX.COM data, the three major U.S. stock indices continued to rally, each rising over 1%. Trump stated that negotiations with Iran have entered their "final stage." The yield on the 10-year U.S. Treasury note fell 10 basis points to 4.56% on the day, while European natural gas prices once fell nearly 8%.
Energy and commodity analyst Javier Blas commented: "Trump says negotiations with Iran have entered the final stage again. The market should take this with a huge grain of salt, as the president has made similar statements regarding the war before. In short, whatever you think of Trump, you have to admit he's really good at moving the oil market with his words—really, really good."