business / news / / Newsmax
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, averting immediate military escalation.
KEY POINTS
- Despite White House claims, independent analysts report no increase in oil tanker traffic through the Strait of Hormuz.
- Iran is requiring outbound oil tankers to pay tolls up to $1 per barrel in cryptocurrency.
- Oil prices plunged over 16%, but remain above pre-war levels due to ongoing uncertainty.
- Traders now see a nearly 25% chance the Federal Reserve could resume rate cuts in 2026.
COMPANIES
Summarized by Newsio from Newsmax. How we summarize →