A trader works on the floor of the New York Stock Exchange during morning trading on August 13, 2025 in New York. (Photo by ANGELA WEISS / AFP) NEW YORK, United States — World oil prices dived

President Donald Trump raised hopes of an agreement between the US and Iran after days of escalation.

Wall Street had already set records on Tuesday, with the S&P 500 rising 0.8 per cent to a new all-time high