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The S&P 500 leaped 2.4% after Trump announced a two-week ceasefire with Iran.
President Trump announced a two-week ceasefire with Iran just before a critical deadline.
KEY POINTS
- Oil prices plunged over 17%, with U.S. crude dropping to $92.92 per barrel after the ceasefire.
- Iran's deal allows it to formalize charging ships passing through the Strait of Hormuz, though terms are unclear.
- Market expectations now see a 39% chance the Federal Reserve could resume rate cuts in 2026.
- Major global stock indexes surged, with Asia's Kospi up 6.9% and Europe's DAX up 4.9%.
COMPANIES
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