Oil Slides Further as Trump Declares Ceasefire: Markets Wrap
Oil sank and US stock-index futures climbed after President Donald Trump announced a tentative ceasefire between Israel and Iran, raising hopes that the worst of the Middle East conflict has passed.
West Texas Intermediate crude fell as much as 5% after Trump's comments on his Truth Social platform. The statement followed Iran's strikes on a US base in Qatar, which were seen as largely symbolic and unlikely to trigger broader economic fallout, pushing the S&P 500 's gain to 1% on Monday and sending oil below $70.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNN
12 minutes ago
- CNN
Trump Announces Ceasefire Between Israel & Iran - The Source with Kaitlan Collins - Podcast on CNN Audio
Trump Announces Ceasefire Between Israel & Iran The Source with Kaitlan Collins 48 mins Iranian Foreign Minister disputes President Trump, stating no agreement on ceasefire with Israel. Vice President JD Vance sidesteps when asked about Iran's enriched uranium. Plus, Rep. Marjorie Taylor Greene calls out Trump on Iran strikes.
Bloomberg
17 minutes ago
- Bloomberg
South Korea's Trade Chief Seeks Tariff Relief in First US Talks
South Korea reiterated its call to be exempted from US tariffs including duties affecting key industries such as cars and steel, Trade Minister Yeo Han-koo said after his first meeting with US counterparts since taking up his position. Yeo held talks on Monday with US Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer in Washington, according to a government statement. Both sides reaffirmed their shared commitment to swiftly reaching a mutually beneficial agreement, without giving a specific timeline.
Yahoo
21 minutes ago
- Yahoo
Governor appoints federal policy adviser as new state broadband director
Jun. 23—The Governor's Office on Monday announced a new director of the state Office of Broadband Access and Expansion, effective immediately: Jeffrey Lopez. The new leadership comes a month after former Acting Director Drew Lovelace left the office, which is housed within the state Department of Information Technology. A spokesperson for Gov. Michelle Lujan Grisham's office at the time told the Journal the state decided to go in a "different direction" looking for its permanent executive. The Governor's Office also said Lovelace resumed his former duties as operations manager, though Lovelace's LinkedIn indicates he left the office in May. Lujan Grisham in a statement backed Lopez's ability to fulfill the role of director and deliver reliable, high-speed internet around New Mexico, including its rural and tribal communities, which have long struggled with access. Lopez's annual salary is $170,000. "Jeffrey possesses the perfect combination of federal policy knowledge, broadband program prowess and familiarity with New Mexico communities that our state needs to maximize the historic broadband investments underway," Lujan Grisham said. Lopez previously served as senior policy adviser and state staff to U.S. Sen. Ben Ray Luján, D-N.M., who chaired the Subcommittee on Communications, Media, and Broadband. The Governor's Office said Lopez also worked on the federal Broadband Equity Access and Deployment Act, from which New Mexico received $675 million to connect households to good internet. But even with the federal grant, the broadband office estimates about 95,000 households in New Mexico are still left without broadband access. Lovelace approached the Legislature this year with a $70 million ask to fill the gap with satellite technology, but wasn't able to secure the funding. Lujan Grisham on Monday also appointed Aquiles "Alex" Trujillo to serve as deputy director for the broadband office, who has decades of experience in broadband and telecommunications. Trujillo will make an annual salary of $160,000.
