A trader works on the floor of the New York Stock Exchange on March 6, 2026. Michael M. Santiago/Getty ImagesOil prices dropped and stocks around the world rallied on April 1 on renewed hopes of a quick end to the Middle East war after U.S. President Donald Trump said the United States could be leaving Iran in two to three weeks, with or without a deal.The front-month Brent contract for June fell $1.06, or 1 percent, to $102.91 per barrel at about 7 a.m. ET, having dropped to a session low of $98.35. U.S. West Texas Intermediate crude futures for May slipped $1.44, or 1.4 percent, to $99.94 per barrel, after falling to $96.50 earlier.
Oil Falls, Stocks Jump on Renewed Hopes of Iran War Ending
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