Oil Falls, Stocks Jump on Iran De-Escalation Hopes: Markets Wrap

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Oil declined and equities rallied as optimism strengthened around Washington’s diplomatic push to resolve the nearly month-long Middle East conflict.Brent crude fell 4.7% to $99.55 a barrel, while a gauge of Asian equities climbed 1.8% on expectations that a de-escalation of the Iran war would ease inflation pressures and reduce the need for monetary tightening. A Bloomberg gauge of the dollar fell 0.1%, while bonds in Australia and New Zealand rose along with Treasuries.