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Stock Markets & Oil Prices Rebound After Trump Claims 'Productive' Talks With Iran

Stock markets and oil prices witnessed intense volatility after U.S. President Donald Trump's announcement of a five-day moratorium on strikes on Iran's infrastructure. While S&P 500 as well as NASDAQ soared about 3% after Trump's post, their gains faded to 2% as Iranian media denied the claim of talks with U.S. Similarly, crude oil prices also fell by about 10%.