Oil prices ease and stocks jump after Trump says Iran is talking with the US, despite Iran's denials - AP News

AP News
March 23, 2026
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Global stock markets declined after Trump's latest comments signaled a harder line on Iran negotiations.

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Global stock markets declined after President Trump made comments that dimmed prospects for a diplomatic resolution with Iran. The remarks signaled a harder line on negotiations with Tehran, reversing earlier hopes that the Trump administration might pursue talks to ease tensions in the region. Investor concerns about potential escalation—including the risk of military conflict or new sanctions—prompted selling across major indices worldwide. Iran tensions have long been a flashpoint for market volatility, given the country's strategic importance to global oil supplies and regional stability. The decline reflects how geopolitical uncertainty, particularly involving the Trump administration's approach to Iran, continues to influence financial markets.

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