Diplomacy in flux as U.S. strikes Iran, sparking market volatility
TL;DR Summary
Reports of new U.S. airstrikes overnight in Iran added uncertainty to a market backdrop already influenced by diplomacy talks, with oil initially tumbling on progress signals but reversing as strike news circulated and investors awaited a key April inflation report; meanwhile, equities were buoyed by strong earnings from Snowflake and Salesforce and a large Pentagon software deal for Dell, amid ongoing geo-political tension.
- CNBC Daily Open: Oil falls on Iran peace hopes — then U.S. launches airstrikes CNBC
- Oil Futures Fall on Hopes for U.S.-Iran Agreement WSJ
- Asian shares decline and oil prices up more than $1 after US strikes on Iran The Seattle Times
- Stocks in Asia to Slip on Mixed US-Iran Signals: Markets Wrap Bloomberg
- Dollar near one-week high as U.S.-Iran tensions flare, yen nears intervention zone CNBC
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