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Stocks Rise as Fear of All-Out Mideast War Eases: Markets Wrap

Trump Says Iran Wants to Talk After Israeli Airstrikes

Relative calm returned to global markets, with stocks climbing and oil sinking alongside gold as fears subsided that Israel’s war against Iran would escalate into a wider conflict. News reports that Tehran wants to restart talks over its nuclear program also fueled risk-on sentiment.

Equities bounced after Friday’s slide, with the S&P 500 up about 1%. West Texas Intermediate settled below $72 a barrel after spiking at the start of the session. The dollar was little changed. Longer-maturity Treasuries continued to lag the market even after a $13 billionBloomberg Terminal sale of 20-year bonds drew the expected yield level — a notable improvement from last month’s auction disappointment that spurred a broad selloff.