Market Whiplash: Trump's U Turn on Iran Throws Oil Prices for a Loop The Dow Jones futures' gentle rise into Sunday evening was a welcome respite from the market's recent volatility, but it's clear that President Donald Trump's about face on Iran has injected fresh uncertainty into the mix.
The news that Trump has called off new strikes against Iran after appeals from several Middle Eastern countries is a stark reversal of his earlier aggressive posturing.
Crude oil prices plummeted in response to the announcement, with Brent crude down 4% and WTI crude slipping 3. 5%.