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Morning Bid: End in sight?

By Reuters May 06, 2026 Bearish
Morning Bid: End in sight?
Oil prices slumped and global stocks surged after reports that the U.S. and Iran were nearing a one-page memorandum to end the war in the Gulf. ​That news came shortly after U.S. President Donald Trump said he would pause his operation to reopen Gulf shipping, just days after so-called ‘Project ‌Freedom' began.
Oil prices slumped and global stocks surged after reports that the U.S. and Iran were nearing a one-page memorandum to end the war in the Gulf. ​That news came shortly after U.S. President Donald Trump said he would pause his operation to reopen Gulf shipping, just days after so-called ‘Project ‌Freedom' began.