"Productive talks with Iran"...US stock futures surge after Trump post

According to The Financial News, shortly after United States of America (US) President Donald Trump posted on his social networking service (SNS) account that he had held "productive talks with the Islamic Republic of Iran," US stock futures jumped while oil prices fell.
US media reported that investors appeared to take this as a sign that the end of the Middle East conflict—which had driven up oil prices and stoked fears of a global economic downturn—might be drawing closer, and that this optimism was reflected in the markets.
On the 23rd (local time), Trump wrote on his Truth Social account, "I am pleased to report that the United States and the Islamic Republic of Iran have had very fine and productive discussions over the last two days in order to fully and comprehensively resolve hostilities in the Middle East."
He went on to say, "In light of the deep, detailed and constructive tone of the talks that will continue throughout the week, I have directed the United States Department of Defense to postpone for five days all military strikes against Iran's power plants and energy infrastructure."
However, he added the condition that the delay in the strikes would depend on "the success of the talks and discussions currently under way."
Immediately after Trump's post, Dow Jones Industrial Average (DJIA) futures surged 642 points, or 1.4 percent. Standard & Poor's (S&P) 500 Index futures rose 1.2 percent, and Nasdaq-100 (NDX) futures climbed 1.3 percent.
Consumer News and Business Channel (CNBC) reported that before Trump's remarks, futures markets had been pricing in further declines in equities due to soaring oil prices and uncertainty over when tensions with the Islamic Republic of Iran would be resolved.
Oil prices, meanwhile, moved lower. After Trump posted a picture of West Texas Intermediate crude oil (WTI) futures, WTI prices plunged more than 5 percent to around $93 per barrel (about 138,774 won). Brent Crude Oil also fell more than 7 percent to $104 per barrel.
y27k@fnnews.com Seo Yoon-kyung Reporter