The U.S. equity markets posted a strong rally on Tuesday. At the close in New York, the Dow Jones Industrial Average stood at 46 342 points, up 2.5 % from the previous session. Just minutes earlier, the broader S&P 500 had climbed 2.9 % to around 6 529 points, while the technology‑focused Nasdaq 100 was up 3.4 % near 23 740 points.
Oil prices fell sharply during the day. By 10:00 p.m. German time, a barrel of North Sea Brent traded at $104.20, down 317 cents-or about 3.0 %-from the close of the prior day.
The markets also reacted to indications that officials involved in the Iran conflict may be seeking de‑escalation. Earlier on Tuesday, U.S. President Donald Trump used his personal platform to call on other nations to intervene. He urged countries that lacked jet‑fuel access because of the Strait of Hormuz, such as the United Kingdom-who had declined to participate in actions against Iran-to purchase fuel in the United States and to travel to the Strait themselves. Trump warned that the United States would no longer support them if they did not act independently, describing Iran as “effectively diminished” and urging nations to secure their own oil supplies.
The euro strengthened against the dollar. At the close, one euro was worth $1.1559, meaning one dollar could be exchanged for 0.8651 €.
Gold also posted significant gains. In the evening session, the price of a fine ounce rose to $4 682-a 3.7 % increase-equivalent to €130.22 per gram.
