Global markets rallied sharply as easing geopolitical tensions sparked a wave of optimism among investors. Oil prices tumbled, reducing concerns over energy supply disruptions and inflation, while Asian stock markets posted strong gains. Japan's Nikkei jumped 3%, South Korea's benchmark index surged more than 4%, and investors returned to riskier assets. The U.S. dollar weakened as confidence improved, signaling hopes that a calmer geopolitical environment could support global economic growth and market stability.


Markets Surge as Oil Prices Crash, Asia Rallies on Hopes of Lasting Peace

Stock markets and oil prices plunged Friday over fears of a new coronavirus variant that scientists warn could be more infectious than Delta and more resistant to vaccines, potentially dealing a heavy blow to the global economic recovery.

Stocks tumble, oil prices slump amid concerns over new virus variant

US benchmark WTI oil collapsed to $0.01 a barrel in New York as the coronavirus epidemic ravaged the oil market. Also Read: Oil prices tumble to $11 amid oversupply, fall in demand due to coronavirus A major supply glut and the coronavirus epidemic which has led to a fall in demand led to a crash in prices never seen before in the international oil prices.

Amid coronavirus pandemic, US benchmark WTI oil collapses to $0.01 a barrel

As US oil prices hit a historic low on Monday plunging to $0.01 per barrel, US President said his administration "will never let the great US oil and gas industry down".

We will never let the great US oil & gas industry down, says Trump after prices crash

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Markets Surge as Oil Prices Crash, Asia Rallies on Hopes of Lasting Peace

Stocks tumble, oil prices slump amid concerns over new virus variant

Amid coronavirus pandemic, US benchmark WTI oil collapses to $0.01 a barrel

We will never let the great US oil & gas industry down, says Trump after prices crash