Iran's retaliation was less than market expectations, and oil prices fell by 9%! Trump said that Iran and Israel would achieve a comprehensive ceasefire, and Federal Reserve officials released dovish signals... What major events happened around the world last night and this morning?
On November 26th, international oil prices fell sharply on the 25th. WTI crude oil futures closed down $2.3, or 3.23%, at $68.94/barrel. Brent crude oil futures closed down $2.16, or 2.87%, at $73.01/barrel.
The price of gold fell sharply overnight and rebounded, with call options retreating to key positions to support the market; silver has not yet emerged from the volatile market, but long bets may support a short-term rebound.