The main U.S. indexes were on track to open higher on Monday after President Donald Trump said he would order the military to postpone strikes against Iranian power plants and energy infrastructure following “productive conversations” with Tehran.
Iran’s Fars News Agency, however, disputed Trump’s statement, citing a source who said there had been no direct communication with the United States, nor via intermediaries. Israel’s military said it was conducting strikes on Iran.
Still, global markets staged a sharp recovery after Trump’s comments, with Europe’s STOXX 600 and precious metals turning positive, while oil prices fell, signaling improving risk appetite.