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Markets5h 26m ago

Wall Street stocks rallied and oil prices tumbled Thursday after US President Donald Trump pulled back from renewed US strikes on Iran while European equities edged higher after the ECB raised interest rates.

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New York

Who
Donald Trump, Art Hogan, Adam Button, Stefan Gerlach, Susannah Streeter
What
Wall Street stocks rallied and oil prices tumbled Thursday after US President Donald Trump pulled back from renewed US strikes on Iran while European equities edged higher after the ECB raised interest rates.
When
Thu, 11 Jun 2026 21:37:39 GMT · 5h 26m ago
Where
New York ·
Why
US President Donald Trump announced he was calling off new attacks on Iran, and the European Central Bank raised interest rates for the first time since 2023.
The Frontline Impact

How this affects you

The de-escalation of US-Iran tensions led to a rally in US stocks and a fall in oil prices, while the ECB's rate hike signals efforts to combat inflation stemming from an energy shock, potentially influencing global central bank policies.

Story chain

3 events in this thread
  1. Markets4h 53m ago
    US stocks rallied and oil prices tumbled after US President Trump announced he cancelled planned strikes on Iran and touted a deal with Iran.
    Open article
  2. Markets5h 26m ago
    Wall Street stocks rallied and oil prices tumbled Thursday (Jun 11) after US President Donald Trump pulled back from renewed US strikes on Iran while European equities edged higher after the ECB raised interest rates.
    Open article
  3. Currently Reading5h 26m ago
    Wall Street stocks rallied and oil prices tumbled Thursday after US President Donald Trump pulled back from renewed US strikes on Iran while European equities edged higher after the ECB raised interest rates.

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