U.S. equities surged after President Trump said the military operation against Iran is nearing completion, fueling hopes that the worst of the geopolitical shock may be easing. Reuters reported this week that Trump has described the war as effectively won while saying the U.S. would stay in the fight to “finish the job.”
For markets, that headline was enough to trigger a sharp risk-on move as investors priced in a possible path to lower uncertainty and steadier energy flows.