business / news / / The Atlanta Journal-Constitution
The S&P 500 leaped 2.5% after Trump announced a two-week ceasefire with Iran.
President Trump announced a two-week ceasefire with Iran just before a critical deadline.
KEY POINTS
- Oil prices plunged over 16%, dropping below $95 per barrel after the ceasefire announcement.
- Independent analysts report no increase in tanker traffic through the Strait of Hormuz despite White House claims.
- Iran is requiring outbound oil tankers to pay up to $1 per barrel in cryptocurrency tolls.
- Traders now see a nearly 25% chance the Federal Reserve could resume rate cuts in 2026.
COMPANIES
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