Iran's president says Tehran has “necessary will” to end war / Markets react amid hopes of detente
Iran's President Masoud Pezeshkian said on Tuesday that Tehran has the “necessary will” to end the ongoing war with Israel and the United States, but demanded guarantees that such a conflict would not be repeated, according to AFP.
“We have the will to end this conflict, provided our essential demands are met, especially the necessary guarantees to prevent the repetition of aggression,” Pezeshkian said in a phone call with the European Council president, according to a statement from his administration, reiterating one of Tehran's main demands.
US stocks rose as signals from both the Trump administration and Tehran fueled expectations of a possible end to the war.
Wall Street's main indexes recovered some of their recent losses amid investor optimism about an eventual de-escalation of the Middle East conflict after the message from Tehran, but also after the Wall Street Journal reported that President Donald Trump told members of the White House administration that he was willing to end the war with Iran even without reopening the Strait of Hormuz.
The S&P 500 rose 2.5%. The Dow Jones Industrial Average rose 850 points, or 1.9%. At the same time, the Nasdaq Composite Index, which had entered a correction last week, rebounded strongly, with an advance of 3.3%, according to CNN,
And oil prices fell slightly. Brent crude futures for May delivery fell 2.7% to $104.50 a barrel, while US crude fell 1.6% to just above $101 a barrel.
Although stocks rose, more subdued oil price developments and relatively limited declines in US Treasury yields suggest investors remain wary of a quick end to the war, CNN also notes.
