Oil prices experienced a significant decline of over 5% on Wednesday, driven by indications from U.S. Secretary of State Marco Rubio that diplomatic talks with Iran were progressing. However, uncertainty loomed as the U.S. military conducted airstrikes on Iranian military sites, raising concerns about the future of negotiations. Following this news, oil prices began to recover slightly. In the equities market, the Dow Jones Industrial Average surged nearly 200 points, achieving a record close as the drop in oil prices relieved some pressure on energy markets. Investors are now looking ahead to a crucial inflation report that could influence the Federal Reserve's decisions on interest rates. Minneapolis Federal Reserve President Neel Kashkari reiterated the need to address high inflation, while tech companies like Snowflake and Salesforce reported strong earnings, further boosting market sentiment. The complex dynamics of U.S.-Iran relations, coupled with economic indicators, are shaping market movements.