Trump says Iran conflict will end "soon," European stocks rise, oil prices decline

Investing.com - European stock markets opened higher on Tuesday, in line with gains in Asian markets, after U.S. President Donald Trump stated that the Iran conflict will “end very soon.”

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As of 04:05 AM Eastern Time (08:05 GMT), the pan-European Stoxx 600 index rose 1.8%, Germany’s DAX increased 2.1%, France’s CAC 40 gained 1.9%, and the UK’s FTSE 100 was up 1.4%.

On Monday, Trump hinted at a quick end to U.S. military actions in Iran during a press conference but warned that he might escalate attacks on Tehran if oil flow through the Strait of Hormuz, a vital waterway, is obstructed.

Meanwhile, Iranian leaders vowed to continue their bombing operations and prevent oil from passing through the strait, which accounts for one-fifth of the world’s oil supply.

Oil prices declined after a volatile trading session the previous day, as traders remain both concerned and hopeful about the potential de-escalation of the U.S.-Israel joint attack on Iran.

As of 04:06 AM Eastern Time, global benchmark Brent crude futures fell to $90.84 per barrel, and U.S. WTI crude futures dropped to $86.54 per barrel.

Global bond yields also edged lower, as falling oil prices help ease some concerns that oil shocks could trigger a surge in inflation.

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