Overview
- President Donald Trump said he cancelled planned strikes and that a 'very good agreement' had been found, a development markets seized on as hopes of de‑escalation rose on Friday.
- Oil prices fell sharply, with Brent trading below $88 a barrel, and investors moved into stocks on the view that lower energy costs reduce near‑term inflation pressures.
- Iranian officials countered U.S. statements by saying Tehran had not yet decided whether to sign any agreement, leaving the diplomatic outcome unconfirmed and fragile.
- The European Central Bank raised rates on Thursday for the first time since 2023, underlining that central banks remain attentive to conflict‑driven inflation even as markets cheer lower oil.
- SpaceX’s record‑size IPO planning to raise about $75 billion and a rebound in semiconductor names are reshaping portfolios and could increase market volatility if the diplomatic picture changes.