business / news / / The Financial Express
US stock markets opened sharply higher on Wednesday after President Donald Trump said he would pause attacks on Iran for two weeks.
President Trump announced a two-week pause on attacks against Iran after receiving a 10-point proposal.
KEY POINTS
- Iran agreed to halt its operations and allow safe passage through the Strait of Hormuz during the truce.
- Oil prices dropped by nearly 13–15% to below $100 following the ceasefire and reopening of the Strait.
- AI-related and airline stocks surged, with Delta jumping 12% on improved jet fuel supply expectations.
- Oman and other Gulf countries opposed Iran’s proposed toll system in the Strait of Hormuz.
COMPANIES
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