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Markets surge as Trump signals Iran deal near; US, Japan intervene on yen

Global markets reacted to President Donald Trump's announcement of a potential deal with Iran, which led to a sharp drop in oil prices and a surge in stock futures. U.S. markets were poised for gains, with the S&P, Dow Jones, and Nasdaq futures all showing increases. Simultaneously, the U.S. and Japan intervened to support the Japanese yen, causing the dollar to dip against the yen after reaching 40-year highs. AI

RANK_REASON The cluster reports on significant geopolitical developments impacting global financial markets, including currency intervention and shifts in commodity prices. [lever_c_demoted from significant: ic=1 ai=0.1]

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Markets surge as Trump signals Iran deal near; US, Japan intervene on yen

COVERAGE [1]

  1. Fortune TIER_1 English(EN) · The Associated Press, Elaine Kurtenbach, Matt Ott ·

    Oil tumbles and stock futures surge after Trump said Iran deal was near

    Brent crude fell 4.9% to $83.66 and U.S. crude dropped 5.8% to $79.81 as Dow futures rose 1.1% ahead of Monday's open while Asian markets fell.