Bloomberg
US Futures Climb, Oil Falls on Iran Peace Deal: Markets Wrap
US equity futures rallied and oil prices slumped after the US and Iran reached a peace agreement, with Pakistani mediators confirming the deal would reopen the critical Strait of Hormuz. The agreement marks a significant diplomatic breakthrough, easing fears of supply disruptions that have kept energy markets on edge. Investors moved swiftly, with the dollar weakening as risk appetite returned across global markets.
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