The major averages staged a rebound on Monday after President Trump said that the U.S. and Iran have had "productive" talks.

US stocks rallied and oil prices tumbled Monday morning after President Trump announced a five-day pause on plans to strike Iranian power plants after what he called “productive” talks with Tehran. The Dow Jones Industrial Average soared 745 points,

Stock futures slipped Monday morning as investors weighed the risks of a prolonged Middle East conflict following President Trump’s ultimatum to Iran over the Strait of Hormuz. While oil prices held near recent peaks,

Mar 23 (Reuters) - U.S. stock index futures fell on Monday as the Middle East conflict intensified with energy infrastructure under threat, sending oil prices surging and pushing investors to reprice U.

Emerging-market currencies jumped and equities pared earlier losses after US President Donald Trump said the US had held talks with Iran and postponed any further strikes for five days, sending oil prices tumbling.

The president withdraws his ultimatum to bomb Iran's power plants by Monday night, saying there's been "productive" negotiations.