Trump Reportedly Sends 15-Point Plan To Iran To End Middle East War — Dow Futures Rise 400 Points, Oil Falls Over 5%

On Tuesday evening, U.S. equity futures climbed and oil prices tumbled as reports emerged that Washington is pushing a multi-point proposal to de-escalate the ongoing Middle East conflict.

Markets Rally As Oil Prices Drop On Diplomacy Hopes

U.S. equity futures pointed higher in late trading.

Dow futures rose 417 points, or 0.90%, to 46,832, while S&P 500 futures gained 55.50 points, or 0.84%, to 6,661.50. Nasdaq 100 futures advanced 238.75 points, or 0.99%, to 24,452.50.

In commodities, WTI crude futures fell 5.32% to $87.44 per barrel, while Brent crude declined 6.15% to $98.06 per barrel.

RBOB gasoline futures dropped 4.70% to $3.00 per gallon, while ULSD heating oil futures slid 5.85% to $4.04 per gallon.

Meanwhile, natural gas futures edged lower 2.38% to $2.873 per MMBtu (million British thermal units).

Asian markets traded higher, with Japan’s Nikkei 225 jumping 3.16% and South Korea’s KOSPI rising 3.01%.

Trump Administration Pushes Iran …

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