Oil prices tumbled and stocks jumped on Monday after President Trump backed away from a threat to strike Iranian energy infrastructure, saying the United States and Iran had held “productive” talks. Investors had been braced for a fourth week of market turmoil caused by the war in the Middle East as a wave of strikes on Iran knocked out power across large parts of Tehran on Monday.

President Donald Trump said Monday that the U.S. and Iran had productive talks over the weekend about ending the war.

Brent and WTI prices were gaining, with markets doubting President Donald Trump’s deadline for Iran to reopen the Strait of Hormuz will have much effect.

Oil prices remained well north of $100 per barrel after markets opened Sunday with the Iran war moving into its fourth week. Why it matters: The price suggests that traders don't see a near-term end to the conflict,

US President Donald Trump gave Iran a two-day deadline to reopen the Strait of Hormuz or have its power plants bombed, upping the ante in a war now in its fourth week with no sign of de-escalation.Trump,

Oil prices tumbled and European stock markets rebounded Monday in volatile trading as US President Donald Trump suddenly ordered a halt to strikes on Iranian energy infrastructure after claiming "very

Oil prices fell 10% early Monday after President Donald Trump said the U.S. and Iran have held productive talks over a resolution to hostilities in the Middle East.

As oil tops $100, the Iran war is testing Trump’s push for fossil fuels — and leaving U.S. consumers exposed to price spikes, experts say.