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Breaking Posted 2 hours ago

Trump calls off Iran strikes; oil tumbles, equities rise

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President Trump cancelled planned strikes on Iran and signalled a deal is near, triggering a flight-to-risk trade: crude oil collapsed (WTI -7.5%, Brent -10%), equities rallied (S&P +0.5%, Nasdaq +0.8%), and gold edged higher (+0.7%). Lower geopolitical risk reduces safe-haven demand, pressuring USD and supporting risk currencies like AUD, NZD, and emerging markets.
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