Oil and gas prices are down, while stock markets are rebounding on hopes of a near end to the war.

The price of Brent crude oil – the European benchmark – opened Tuesday with a drop of more than 6%, settling at around $92, following statements by Donald Trump speculating that The war in Iran could end soonOn Monday, the price of a barrel of crude oil soared by almost 29%, reaching nearly $120 – a level not seen since 2022, with the Russian invasion of Ukraine – and finally closed the day with a 6.76% increase.

The price of natural gas also opened Tuesday's session with a sharp drop of over 15% (the Dutch TTF, a benchmark index in Europe), settling at €47.80 per megawatt-hour (MWh). On Monday, the cost of natural gas surged by as much as 30%, reaching €69.

Markets began the day with optimism. The Ibex 35 opened with a 2.34% gain, breaking the recent downward trend and recovering the 17,300-point mark. The other European stock exchanges followed suit: in London, the FTSE-100 index climbed 1.44%; in Frankfurt, the DAX rebounded 2.09%; in Paris, the CAC-40 rose 1.88%; and in Milan, the FTSE MIB gained 2.52%. Asian stock markets, meanwhile, have also returned to positive territory. In Japan, the Nikkei rose 3%; in Hong Kong, the Hang Seng index climbed 2.10%, and South Korea's Kospi gained 5.35%.