Dow rallies 600 points, oil tumbles below $100 after Trump orders 5-day pause on attacks on Iran power plants

US stocks rallied and oil prices tumbled Monday after President Trump announced a five-day pause on plans to strike Iranian power plants – though analysts warned that prices are unlikely to completely normalize following severe damage to key Middle East energy facilities.
The Dow Jones Industrial Average soared 631 points, or 1.4%, while the S&P 500 and Nasdaq jumped 1.2% and 1.4%, respectively.
Brent crude oil futures eased 11% to $99.94 a barrel, down from heights last week above $119, while West Texas Intermediate crude slid 10% to settle at $88.13.
Read the full article on NY Post.
About Joe Adamski
Joe Adamski has more than 17 years of advisory and consulting experience centered on strategic procurement and large-scale transformations. He has deep experience in launching and executing programs focused on strategic sourcing, supply chain, procurement strategy, organizational design, and transformations.
Earlier in his career, Joe was an Air Force pilot before joining A.T. Kearney in their consumer practice. He has consulted with numerous Fortune 500 companies in a variety of industries, including utilities, CPGs, grocery, retail, telecom, apparel, food and beverage, and government.
Joe holds a B.S. degree in Physics from the United States Air Force Academy and an MBA from Emory University’s Goizueta Business School. He enjoys boating, hiking, and spending time in the outdoors.
About ProcureAbility
ProcureAbility is the leading provider of procurement and supply chain services, offering advisory, managed services, digital, and staffing and recruiting solutions. For 30 years, we have focused exclusively on helping clients elevate their procurement function.
We combine leading methodologies, analytics, market intelligence, and industry benchmarks with our uniquely flexible and customizable service delivery model. Global organizations of all sizes trust ProcureAbility to transform their procurement operations, drive growth, and reimagine what’s possible.
Let ProcureAbility help you reimagine your procurement capabilities.
Media contact:
Kathleen M. Pomento
Chief Marketing Officer | ProcureAbility
kpomento@procureability.com
