Oil Slides on Iran De-escalation Hopes as Bitcoin Wobbles and Indonesia Roars Back

Oil extended its slide on hopes of a lasting U.S.-Iran de-escalation, Bitcoin slipped to a 10-day low, and Indonesian stocks staged a rapid turnaround into bull-market territory.

Oil Extends Slide on De-escalation Hopes

Oil prices continued to fall as U.S.-Iran talks raised hopes of a lasting de-escalation. Speaking to reporters aboard Air Force One en route to Michigan, President Trump dismissed suggestions that the U.S. was running short on weapons, as the pause in U.S.-Iran hostilities added to the case for further de-escalation.

Bitcoin Slips Amid Tech Rout

Bitcoin slipped to a 10-day low near $63k, weighed down by the broader tech sell-off and uncertainty around the Federal Reserve.

Indonesia's Stocks Stage a Rapid Turnaround

Indonesian stocks have staged a massive turnaround, reaching bull-market status just a month after hitting a five-year low. Attractive valuations, quick intervention by regulators, and a return of foreign investors have been credited with propelling the rally.

Sources

• Oil extends slide as U.S.-Iran talks raise hopes of lasting de-escalation (investing_com)
• Oil extends losses as a pause in U.S.-Iran hostilities raises de-escalation hopes (cnbc)
• Bitcoin slips to 10-day low near $63k as tech sell-off, Fed uncertainty weigh (investing_com)
• Indonesian stocks stage massive turnaround, hitting bull market status after clocking a five-year low just last month (cnbc)

Not investment advice.