Traders bet half a billion dollars ​on the price of crude only 15 minutes before U.S. President Donald Trump announced a five-day delay to attacks ‌on Iran's energy infrastructure that sent the market plunging,

A cautious relief swept through financial markets after President Trump said the U.S. has talked with Iran about a possible end to the war.

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.

Trump said that the US and Iran had "productive conversations regarding a complete and total resolution of our hostilities in the Middle East."

Oil prices have risen on Monday as the war in Iran enters its fourth day. West Texas Intermediate futures advanced 1.5% to $99.69 a barrel, while Brent crude contracts climbed just over 1% to $113.59 a barrel.

NATO Secretary General Mark Rutte backed the Iran war and predicted the alliance would eventually come around to support it too.

We bring you the latest reaction after President Trump says the US has held constructive talks with Iran, even as Iran has denied any dialogue with the US. Also, South Korea has a new central bank chief,

Oil prices tumbled and yields on government bonds pulled back from highs. But the response faded as the day went on.