At the close of trading, the Dow Jones Industrial Average was up 0.5 percent, while the broad S&P 500 Index was up 0.8 percent and the tech-heavy Nasdaq Composite Index was up 1.4 percent.
The end was followed by a beginning when the American stock market, like markets in Europe and Asia before it, fell sharply after oil prices soared in the wake of the Iran war.
Late Monday evening American President Donald Trump announced that the war against Iran, which the US started together with Israel, may soon be over.
– I think that (the war) is largely over. They have no navy, no communications, they have no air force, Trump said in an interview with CBS News.
This gave Wall Street a real boost in the opposite direction, while the price of oil fell dramatically to around $90 from today’s highs of around $120.
Trump will do it too Trump said the U.S. is “very far ahead” of the war’s estimated duration of four to five weeks, consistent with Trump’s previous statements.
Regarding Iran’s new leader Mojtaba Khamenei, whom Trump has repeatedly criticized, the president says he has an idea of who could replace him. But no dialogue is relevant.
– I have nothing to say to him. Nothing at all.
Trump says he is thinking about ‘taking over’ the Strait of Hormuz and also warns Iran:
– They have used every opportunity and they would do best not to invent anything, that would mean the end of this country.
