Market “love solution” in the Middle East after Trump’s ceasefire agreement, Top Bank CEO says
Bank of America Chairman and CEO Brian Moynihan focuses on interviews for “Morning with Maria” sit-ins, including geopolitical climate market impacts, wealth transfers and President Donald Trump’s “Big, Beautiful Bill.”
As conflicts in the Middle East leaps towards resolution, the market is beginning to feel some relief, according to the chairman and CEO of one of America’s largest banks.
“I think it’s been pretty quick over the last few weeks, but I think the market loves solutions,” said Brian Moynihan of Bank of America. In “Morning with Mary,” “And (it’s) likely had a strong solution over the last 72 hours, and I think the market has responded positively.”
Just before the market opened on Tuesday, Fox News said Iran was It seemed to be ignoring President Donald Trump’s plea to comply with a ceasefire mediated between the Islamic Republic and Israel.
Strait of Hormuz: Bark rather than chewing for our energy
Israel vowed to deal with alleged violations, and announced that Israeli Defense Minister Katz had ordered the troops to attack Tehran. Furthermore, the chief of the Israeli Defense Forces (IDF) general vowed that Major General Eyal Zamir would “react to the army.”
Bank of America Chairman and CEO Brian Moynihan will appear on Fox Business Network in New York City on March 27, 2025. (Getty Images)
Reports say Iranian troops have refused to violate the ceasefire. However, the IDF said Tuesday that aeroid sirens are reverberating throughout the country.
The market has risen higher in favor of ceasefire contracts, since the US took over Iran’s major nuclear sites late on Saturday night.
“Bottom Line” panelists Phil Flynn and Steve Moore discuss the stock market’s response to President Donald Trump’s actions in the Middle East.
“With oil rise and it’s back, the real concern about the Middle East is not only geopolitical concerns, but it’s an impact on oil prices, which I think has settled,” Moynihan said.
Vice President JD Vance unveiled President Donald Trump’s announcement that Israel and Iran agreed to a ceasefire in a “special report.”
Energy experts recently told Fox News Digital that there is a surge in future prices Temporary and short-lived It will transport 20% of the world’s oil liquid after Iran threatens to close the Strait of Hormuz.
“So that would be good for American consumers in the end,” the CEO said, “Because they benefit not only from consumers around the world, but also from those.”
Rachel Wolf and Trey Yingst of Fox News contributed to this report.