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WORLD STOCKS REBOUND, OIL DIVES AS TRUMP AND IRAN TRADE BARBS
malaya Business Insight
|March 11, 2026
Global stocks rallied and oil prices fell sharply on Tuesday after US President Donald Trump declared the Middle East war could be "over soon", although defiant comments from Iran’s military complicated hopes of a swift resolution.
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Europe's STOXX 600 index was last up 2.2% after declining for three consecutive trading days. MSCI's broadest index of Asia-Pacific shares outside Japan rose around 3.3%.
Brent oil futures fell as much as 11% to below $88.05 per barrel at one point, before trimming their decline to about 9%.
Trump's remarks on Monday injected optimism that contrasted with events in Iran, where hardliners rallied behind new Supreme Leader Mojtaba Khamenei and the Revolutionary Guards said a blockade of oil exports would continue until US and Israeli attacks end. Trump said the US would hit Iran much harder if it blocked exports.
The strong reaction to Trump's remarks "really does highlight how the markets are literally hanging on every word he says," Fiona Cincotta, senior market analyst at City Index said.
This story is from the March 11, 2026 edition of malaya Business Insight.
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