Stocks rally, oil slides, as President Trump backs off new attacks on Iran

The stock market rallied significantly today, with the Dow closing up 929 points, as President Trump announced a deal with Iran. The news came after a week of heightened tensions in the Middle East, with oil prices plummeting on the prospect of a US strike on Iran. But what does this deal mean for the market, and what's next for the global economy? Frank Mottek is joined by John Kilduff, a prominent oil industry analyst, shares his insights on the current market situation and what investors can expect in the coming weeks. We also discuss the impact of the deal on oil prices and the potential effects on the global economy. The deal, which is still in its early stages, appears to address several key issues, including the removal of sanctions on Iran and the country's nuclear program. But as our guest points out, there are still many uncertainties surrounding the agreement, and its success is far from guaranteed. We also explore the potential consequences of a failed deal and what that would mean for the market. If you're interested in staying up-to-date on the latest market news and analysis, tune in to this episode to hear our expert's take on the situation.See omnystudio.com/listener for privacy information.