Stocks Surge, Oil Dips on Iran War Hope

0:00Stocks are surging around the world today, with oil prices dipping as traders bet on a quick end to the war with Iran. The S&P 500 climbs 0.7%, building on yesterday's big jump, its best since last spring. Wall Street's rally is spreading, pulling up markets in Europe and Asia too. The Dow Jones industrial average gained 296 points, or 0.6% by 9.35am, eastern time, while the NASDAQ composite rose 1.1%. Overseas, South Korea's index shot up 8.4%, and places like France, Germany, the UK, and Tokyo saw gains topping 1.5 to 5.2%. Investors are latching onto signals like President Trump's claim that Iran wants a ceasefire, though to Iran, as in responded. He's tying it to clearing the straight-of-form moves and mentioned wrapping up the offensive in 2-3 weeks. Still, fears linger that a long war could spike inflation by choking off Persian Gulf oil and gas.

1:03Oils easing toward $100 a barrel for Brent Crude, down from peaks, but way up from $70 pre-war. U.S. gas prices hit a national average of $4 and 6 cents overnight. Fighting rages on, with Iran striking tankers and airports amid air strikes on Tehan. Experts warned these hope-driven lifts could fade fast, given past whiplash from Trump's statements. Even if peace hits soon, supply chain scars might stick. Keep an eye on Trump's evening address for the next market move. Vancouver News today, powered by AI bringing you what matters. I'm Corey, with the story.