Global financial markets opened Tuesday with sharp swings across energy, equities, and cryptocurrencies as investors reacted to signals that the conflict involving Iran could be nearing an end. Oil prices plunged after US President Donald Trump suggested the war was nearly complete, easing fears of prolonged disruptions to energy supplies. Asian stock markets rallied as risk sentiment improved, while Bitcoin recovered from weekend losses amid stabilizing energy markets and continued institutional demand. Trump signals Iran conflict may be nearing an end Markets were initially driven by remarks from US President Donald Trump indicating that the conflict involving Iran could soon wind down.
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