Stocks fall and oil prices rise after Trump's latest delay in the Iran war fails to raise much hope

What: Global stocks fell by **2.5%** and oil prices rose by **5%** after Trump's latest delay in the Iran war failed to raise much hope.
Why: Investors remain skeptical about the prospects of a peaceful resolution to the conflict, leading to a sell-off in risk assets.
Signal: The sharp increase in oil prices is a clear signal that investors are pricing in a higher risk of conflict and potential supply disruptions.
Target: The S&P 500 index is now targeting a low of **3,200** points, down from its recent high of **3,550**.
Risk: The risk of a global recession has increased significantly, with many analysts warning of a potential downturn in the second half of 2026.