BERLIN (AP) — The organization that handles claims on behalf of Jews who suffered under the Nazis said Wednesday that Germany has agreed to extend another $1.076 billion (923.9 million euros) for Holocaust survivors ' home care around the globe for the coming year.
The compensation was negotiated with Germany’s finance ministry and is the largest budget for frail and vulnerable Holocaust survivor home care in the organization’s history.
“This historic increase to home care funding reflects the complex and growing needs of Holocaust survivors worldwide,” said Gideon Taylor, the president of the New York-based Conference on Jewish Material Claims Against Germany, also referred to as the Claims Conference.
“While we are losing survivors at a rapid pace each year, those who remain are older, frailer and in greater need than ever before,” Taylor said in a written statement. "This budget is critical in providing each of them the opportunity to age in place, a dignity that was stolen from them in their youth.”
The average age of survivors receiving home care through Claims Conference funding has increased from 86 in 2018 to 88.5 in 2024. Data collected by the organization show that survivors are experiencing more complicated health needs and increased disability, with the number of survivors who qualify for full-time assistance due to extreme disability — such as Alzheimer’s disease, Parkinson’s disease and dementia — has nearly doubled during that time period.
Additionally, the Hardship Fund Supplemental payments, which were previously guaranteed to be paid annually to eligible Holocaust survivors until 2027, have been extended through 2028 at an amount of €1,450 per survivor, impacting more than 127,000 Holocaust survivors globally.
The Claims Conference projected in April that approximately 200,000 survivors are still alive, most of them living in Israel, the United States and Europe, but also scattered all over the globe.
Also, righteous rescuers – non-Jews who risked their lives to save Jews during the Holocaust - currently receiving a monthly pension from the Claims Conference, will be eligible to receive home care similar to that provided to Jewish survivors, allowing them to live their final years with dignity in their own homes, the group announced.
Colette Avital, a Holocaust survivor and member of the Claims Conference negotiation delegation, said that “it is deeply meaningful that, 80 years after the liberation, the German government maintains its responsibility to those who suffered and survived.”
“Every survivor — and every rescuer — deserves to live with dignity and to be seen, heard and cared for,” Avital added.
Holocaust education funding was also extended through 2029, for a total funding of €175 million.
The funding comes at a time when knowledge of the Holocaust is declining and antisemitism is sharply on the rise. The funding for education programs will include initiatives for teacher training, academic research and mass-market mediums, like film, gaming and virtual reality experiences that have a greater potential to reach a wider, more mainstream audience, the group said.
"It is imperative that we invest in the future of Holocaust education while we still have living witnesses who can share their firsthand testimonies of survival," said Greg Schneider, the executive vice president of the Claims Conference.
“This is our moral obligation to the survivors of the Holocaust and to the 6 million who were murdered.”
FILE - People walk through the gate with the inscription "Arbeit Macht Frei" of the Nazi concentration camp Sachsenhausen in Oranienburg, Germany, April 18, 2023. (AP Photo/Markus Schreiber, File)
FILE - The railway tracks where hundred thousands of people arrived to be directed to the gas chambers inside the former Nazi death camp of Auschwitz Birkenau, or Auschwitz II, are pictured in Oswiecim, Poland, on Dec. 7, 2019. (AP Photo/Markus Schreiber, File)
White roses lay on concrete slabs of the Holocaust Memorial in Berlin, Germany, Tuesday, Oct. 28, 2025. (AP Photo/Markus Schreiber)
NEW YORK (AP) — Stocks are rushing higher worldwide, and oil prices are easing Wednesday as hopes build that the war with Iran could end soon. That's even though some of the signals investors saw as hopeful are already under dispute, and several prior bouts of optimism in financial markets quickly got undercut by continued, fierce fighting in the war.
The S&P 500 rose 0.8% and added to its leap from the day before, which was its best since last spring. That followed even bigger gains for stock markets across Europe and Asia, including an 8.4% surge in South Korea, which were catching up to Wall Street’s rally from Tuesday.
The Dow Jones Industrial Average was up 357 points, or 0.8%, as of 10:45 a.m. Eastern time, and the Nasdaq composite was 1.2% higher.
Oil prices also fell back toward $100 per barrel after President Donald Trump claimed shortly before Wall Street began trading that Iran “has just asked the United States of America for a CEASEFIRE!”
“We will consider when Hormuz Strait is open, free, and clear. Until then, we are blasting Iran into oblivion or, as they say, back to the Stone Ages!!!”
Trump had also said the night before that the U.S. military could end its offensive in two to three weeks. That added to optimism following a couple tenuous signals of hope from earlier Tuesday that Wall Street latched onto, including a news report quoting Iran’s president as saying that it has “the necessary will to end the war” as long as certain requirements are met, including “guarantees to prevent a recurrence of aggression.”
The worry on Wall Street has been that the war may last a long time and keep oil and natural gas from the Persian Gulf out of global markets, which could create a brutal blast of inflation.
But hope has been quick to reverse to doubt on Wall Street, triggering manic swings back and forth for financial markets since the war with Iran began. Trump has also made statements that lifted markets, only to see the gains quickly disappear after increasing his military threats against Iran. Investors say Trump’s statements are becoming less impactful for financial markets.
Iran’s Foreign Ministry spokesman, Esmail Baghaei, called Trump’s claim about asking for a ceasefire “false and baseless,” according to a report on Iranian state television.
And oil prices remain high, even if they’ve eased so far this week. The price for a barrel of Brent crude oil, the international standard, was sitting at $101.83 following its declines, which is still up from roughly $70 before the war began.
U.S. gasoline prices rose again overnight to a national average of $4.06 per gallon, according to the auto club AAA.
Iran, meanwhile, hit an oil tanker off the coast of Qatar and Kuwait’s airport on Wednesday while airstrikes battered Tehran as the fighting continued. Iran also continues to hold a grip on the Strait of Hormuz, where a fifth of the world’s traded oil passes during peacetime.
“De-escalation hopes have given markets a lift, but we think the effects of the war would, in many cases, persist even if the war did end soon,” Thomas Mathews, head of markets, Asia Pacific at Capital Economics, said in a research note Wednesday.
“It’s worth thinking through how markets might fare if the war were to end ‘very soon,’” he wrote. “Do markets have further to recover if sentiment continues to improve? The answer is almost certainly yes.”
The White House said Trump will deliver a public address Wednesday evening on the Iran war.
On Wall Street, the majority of stocks rose, with Big Tech powering the move higher. Gains of 2.5% for Alphabet and 1% for Nvidia were two of the strongest forces lifting the S&P 500.
They helped offset a 14.3% drop for Nike, which fell even though it reported a stronger profit for the latest quarter than expected. Analysts said it gave some lackluster financial forecasts.
Hasbro fell 3.8% after the toy company found someone had gained unauthorized access to its computer network and is working to assess the full impact.
In stock markets abroad, indexes leaped more than 1.5% in France, Germany and the United Kingdom. Asian markets had even bigger gains.
Tokyo’s Nikkei 225 jumped 5.2% after a survey by Japan’s central bank showed business sentiment for major Japanese manufacturers improved despite worries about the Iran war.
In the bond market, Treasury yields held relatively steady after a report said U.S. retailers made more money in February than economists expected. A separate report said U.S. manufacturing growth last month was slightly faster than economists expected.
The 10-year Treasury yield rose to 4.31% from 4.30% late Tuesday.
AP Business Writers Chan Ho-him and Matt Ott contributed.
James Conti works on the floor at the New York Stock Exchange in New York, Tuesday, March 31, 2026. (AP Photo/Seth Wenig)
Philip Finale works on the floor at the New York Stock Exchange in New York, Tuesday, March 31, 2026. (AP Photo/Seth Wenig)
Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI), left, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, April 1, 2026. (AP Photo/Ahn Young-joon)
Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI), top center, and the foreign exchange rate between U.S. dollar and South Korean won, top center left, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, April 1, 2026. (AP Photo/Ahn Young-joon)
Currency traders work at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, April 1, 2026. (AP Photo/Ahn Young-joon)
A currency trader reacts near a screen showing the Korea Composite Stock Price Index (KOSPI), right, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, April 1, 2026. (AP Photo/Ahn Young-joon)
A screen displays financial information on the floor at the New York Stock Exchange in New York, Tuesday, March 31, 2026. (AP Photo/Seth Wenig)
