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Crude oil slumped and US equity-index futures surged after President Donald Trump agreed to suspend bombing on Iran for two weeks.
President Trump agreed to suspend bombing on Iran for two weeks.
KEY POINTS
- West Texas Intermediate crude oil prices fell as much as 17% to below $100 a barrel.
- The ceasefire agreement was reached just hours before Trump's set deadline for Iran.
- Iran accepted the two-week ceasefire proposal, which was put forward by Pakistan.
COMPANIES
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