Oil prices plunge and Europe’s stock markets rally after Trump calls off Iran strikes

Donald Trump cancelled planned military strikes against Iran, choosing instead to pursue negotiations for a Middle East peace deal. The shift triggered swift market movements, per The Guardian: Brent crude fell five percent to eighty-three dollars and fifty cents per barrel, while US West Texas Intermediate dropped more than five dollars to seventy-nine dollars and forty-seven cents per barrel. European stock markets rallied on Monday following the announcement.

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