Oil prices and markets see relief after Trump hits the brakes on the war in Iran

Relief is flowing through financial markets Monday after President Donald Trump said the United States has talked with Iran about a possible end to their war. Oil prices are easing, and stock prices are jumping on Wall Street following severe losses taken elsewhere in the world before Trump’s announcement.

The price for a barrel of Brent crude fell 9.4% to $101.62, down from nearly $120 at one point last week, after Trump said the United States and Iran held productive talks the last...