business / news / / Anchorage Daily News
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 key deadline.
KEY POINTS
- Oil prices plunged over 16% after the ceasefire, with U.S. crude dropping to $92.92 per barrel.
- Iran claims the deal allows it to formalize charging ships passing through the Strait of Hormuz.
- Market expectations now see a 39% chance the Fed could resume rate cuts in 2026.
COMPANIES
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