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Oil dives, stocks surge as Trump agrees two-week ceasefire
Oil prices tumbled and Asian stocks jumped after Trump said he would suspend attacks on Iran if the Strait of Hormuz reopens.
- On Tuesday, President Donald Trump announced a two-week ceasefire with Iran conditional on the reopening of the Strait of Hormuz, following mediation by Pakistan Prime Minister Shehbaz Sharif and Field Marshal Asim Munir.
- The conflict, which began Feb. 28, 2026, paralyzed Persian Gulf oil operations and sent energy prices soaring, causing weeks of market volatility and threatening global economic stability.
- Crude oil prices plunged roughly 15% while global equities and stock futures surged, marking a sharp relief rally as markets reacted to the potential resumption of vital energy flows through the region.
- Iran's Supreme National Security Council accepted the proposal, with delegations scheduled to meet in Islamabad on Friday to finalize terms and potentially extend the truce beyond two weeks.
- Analysts remain cautious, noting the ceasefire is fragile and does not guarantee lasting peace; investors continue holding hedges against potential re-escalation despite the relief rally.
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·Belgrade, Serbia
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New York. Oil and gas prices plummeted, stock exchanges registered strong profits and the dollar fell this Wednesday by the announcement of a two-week ceasefire agreement between the United States and Iran that provides for the reopening of the Strait of Ormuz.The price of North Sea Brent crude, for delivery in June, fell 13,29%, to $94.75 per barrel. Its American equivalent, the West Texas Intermediate (WTI), for delivery in May, dropped 16,41%…
Oil plunges below $95 as Dow surges 1,100 following Iran ceasefire deal
Stock prices are still below where they were before the war. And oil prices are still significantly higher because the threat remains that the war could continue and keep oil tankers blocked in the Persian Gulf.
·Washington, United States
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Total News Sources339
Leaning Left63Leaning Right53Center92Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 30%
C 44%
R 26%
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