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Airline stocks rallied as easing of geopolitical tensions has led to a sharp fall in global crude oil prices.
Airline stocks surged after a two-week US-Iran ceasefire led to falling global crude prices.
KEY POINTS
- Iran will impose a $2 million fee on all vessels transiting the Strait of Hormuz during the pause.
- Tehran's 10-point peace plan includes lifting US sanctions and financial compensation for reconstruction.
- US-Iran negotiations are scheduled to take place in Islamabad during the two-week ceasefire window.
COMPANIES
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