Treasury yields also eased in the bond market following Trump’s announcement.
The yield on the 10-year Treasury fell to 4.35% from 4.39% late Friday but it remains solidly above its 3.97% level from just before the war.
Treasury yields still remain well above where they were before the war began, even after Monday’s drop. The concern is that high oil prices could keep the Federal Reserve and other central banks from cutting interest rates which would give the global economy and prices for investments a boost.