Oil price rises after Monday's retreat
Trump announces productive talks with Iran, which the regime denies
Inflation worries reduce hopes for Fed cut this year
Uncertainty from the war has led to manic back-and-forth swings in oil, stock markets
On Wednesday, the Fed's Powell said it's unclear what will happen with oil prices, tariffs
Australia raises benchmark rate as concern grows about inflation while Fed expected to stand pat
Firms with big fuel bills, Nvidia, trade higher
The price of a barrel of Brent crude, the international standard, got as high as US$101.59 overnight
Market reversal comes late in the day on hopes Iran War will be shortlived
“You can’t sugarcoat this report,” said Brian Jacobsen, chief economic strategist at Annex Wealth Management