Global markets surged as a two-week ceasefire between the US and Iran was announced, easing geopolitical tensions. The agreement has led to the reopening of critical shipping lanes and a sharp decline in crude oil prices.
- Dow Jones Industrial Average gained over 1,000 points
- S&P 500 and Nasdaq Composite surged
- Crude oil prices cratered following the agreement
- Critical shipping waterways have reopened
- Market sentiment shifted rapidly to risk-on
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