(RTTNews) - German stocks climbed notably higher on Monday amid falling oil prices and on German Chancellor Friedrich Merz's pledge to press ahead with reforms. Oil prices fell sharply on hopes for diplomatic progress on the Middle East issue at this week's UN meeting. Ahead of a crucial meeting between U.S. President Trump and Gulf-state leaders on the sidelines of the United Nations General Assembly, Trump warned Iran that it would fail economically or face its leadership being wiped out if it didn't make a deal. Trump indicated potential for a meeting with Iranian President Masoud Pezeshkian in New York, adding that very big things could happen soon and he is in a "deciding mode" on military action, continued economic pressure or a deal.
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