business / news / / Times of India
US stock markets rallied sharply on Wednesday while crude oil prices plunged toward $90 per barrel.
President Trump announced a two-week ceasefire with Iran, easing immediate oil supply fears.
KEY POINTS
- US benchmark crude oil prices fell 17.7% to $92.92 per barrel after the ceasefire announcement.
- Traders now see a 39% chance of Federal Reserve rate cuts in 2026 due to lower inflation risks.
- Despite the rally, markets remain below pre-war levels and risks persist if tensions resume.
COMPANIES
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