Equity and energy markets experienced renewed volatility on Wednesday as President Donald Trump addressed the press at the NATO summit in Turkey.
The US President explicitly stated that oil prices should be kept down, a remark that immediately unsettled traders who had recently benefited from a sharp rally in energy stocks and crude benchmarks.
The market reaction underscores the persistent sensitivity of global risk assets to US political rhetoric.
Earlier this week, equity and energy markets had surged following President Trump’s declaration on Truth Social that a deal with Iran had been finalized.
That announcement triggered a significant spike in oil prices and a broad-based rally in equities, as investors priced in reduced geopolitical risk in the Middle East.
However, the recent gains have since retreated, with markets now digesting the mixed signals from Washington.