Trump Dials Netanyahu: Iran Retaliation Halted

Oil prices saw a notable increase as tensions escalated between Iran and Israel, with both nations launching strikes against each other. This rally in oil markets, however, faced a swift reversal. President Trump reportedly intervened by calling Israeli Prime Minister Netanyahu and requesting an end to further retaliation against Iran.

In response to the de-escalation efforts, Iran subsequently announced that it had concluded its military operation targeting Israel. Interestingly, the volatile oil price movements did not exert significant pressure on the SP500 index, indicating a market resilience to the geopolitical events. The situation has since stabilized with Iran's declaration of an end to hostilities.