business / news / / The Economic Times
stock indexes surged at the opening bell, muscled higher by a broad relief rally.
A two-week U.S.-Iran ceasefire brokered by Pakistan triggered a global market rally.
KEY POINTS
- The Strait of Hormuz may reopen within days if a ceasefire framework is agreed.
- Oil prices dropped sharply, with WTI and Brent futures both settling below $100 per barrel.
- Federal Reserve minutes revealed a higher 2026 inflation outlook due to the war's oil shock.
- European and global stock indexes posted their largest one-day gains in a year.
COMPANIES
Summarized by Newsio from The Economic Times. How we summarize →