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March 24, 2026

Stocks rally, oil sinks at hints to a possible end to war

By STAN CHOE
AP Business Writer

NEW YORK — A cautious relief swept through financial markets Monday after President Donald Trump said the United States has talked with Iran about a possible end to their war. Oil prices eased, and stock prices rose on Wall Street following severe losses taken elsewhere in the world before Trump's announcement.

The price for a barrel of Brent crude fell 10.9% to settle at $99.94, down from nearly $120 at one point last week, after Trump said the United States and Iran held productive talks the last two days “regarding a complete and total resolution of our hostilities in the Middle East.” The S&P 500 climbed 1.1% for its best day since the war began.


 
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