business / news / / CNBC TV18
The Dow Jones Industrial Average opened over 1,380 points higher, or about 2.7%.
President Trump proposed a two-week ceasefire in the US-Iran conflict.
KEY POINTS
- Iran agreed to reopen the Strait of Hormuz for two weeks, easing energy supply fears.
- US crude oil prices dropped over 17% to around $93 per barrel after the announcement.
- The Dow Jones opened over 1,380 points higher, reflecting immediate market optimism.
COMPANIES
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