(Nasdaq) Crude oil prices slid and equity markets around the world set new highs on Thursday as investors took on greater risk in a relief rally after the United States and Iran moved to defuse escalating tensions in the Middle East.
Traders said neither the United States nor Iran wanted to further escalate tensions.
“We are now getting back to the status quo that we saw before the Iran situation,” said John Doyle, vice president of dealing and trading at Monex Inc in Washington.
