U.S.-Iran ceasefire relief rally lifts global assets as oil plunges below $100
Business
A 2-week ceasefire between the U.S. and Iran triggered a relief rally across risk assets, sending stocks higher and oil tumbling, while persistent demand for gold and Treasurys pointed to a market still hedging against uncertainty. U.S. President Donald Trump said he had agreed to suspend planned attacks on Iranian infrastructure for two weeks, subject to Iran agreeing to a "COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz." Stocks surged across regions, with Asian benchmarks and U.
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