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The truce, facilitated by Pakistan, has paused conflict that commenced on February 28.
A U.S.-Iran ceasefire agreement was facilitated by Pakistan, pausing recent conflict.
KEY POINTS
- Iran may soon reopen the Strait of Hormuz if ceasefire framework terms are finalized.
- Global stock indexes, including Dow Transports and Russell 2000, saw record gains after the truce.
- Oil prices dropped below $100 per barrel as market volatility decreased following the ceasefire news.
COMPANIES
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