Morning Bid: Little relief from Trump

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Traders placed $580M in oil bets minutes before Trump’s Iran post Trump delays strikes on Iranian power plants, says talks with Tehran "very good" Wall Street averages end more than 1% higher on Middle East de-escalation hopes Oil prices jump over 4% after Iran refutes US talks claims (South Africa Philippines Nigeria) Morning Bid: Little relief from Trump By Economy Published 03/24/2026, 01:33 AM Updated 03/24/2026, 01:42 AM Morning Bid: Little relief from Trump 0 TNX -1.30% LCOmdc1 0.00% A look at the day ahead in European and global markets from Rae Wee The relief rally brought about by U.S. President Donald Trump’s postponement of a threat to bomb Iran’s power grid didn’t even last a day. With Tehran denying it had engaged in negotiations with Washington and global energy supply still crippled, risk sentiment quickly turned sour in Asia on Tuesday and Brent crude futures swiftly bounced back above $100 a barrel. Asian shares rebounded slightly in a catch-up rally to their global counterparts from overnight, but U.S. and European futures fell in choppy trade. The dollar clawed back its losses, while U.S. Treasury yields resumed their climb. Even as Trump added five days to his Saturday ultimatum for Iran to reopen the Strait of Hormuz within 48 hours, the situation remains tense and there’s been little sign of an imminent end to the Middle East conflict. Iran launched multiple waves of missiles at Israel, the Israeli military said, triggering air raid sirens in parts of the country including Tel Aviv, where blasts from interceptions were heard. The prolonged energy shock has also left governments around the world scrambling to secure supplies and finding ways to cut back on demand. Japan plans to start releasing oil from joint stockpiles held by producing nations in the country by the end of March, Prime Minister Sanae Takaichi said in a post on X on Tuesday. South Korean President Lee Jae Myung called for...