Major US indices surged and oil prices plummeted following a ceasefire agreement between the United States and Iran. The move has reopened critical shipping lanes, triggering a widespread relief rally across equity markets.
- Ceasefire between US and Iran triggers market relief
- Dow, S&P 500, and Nasdaq all trended higher
- Oil prices saw a sharp decline
- Critical shipping lanes have reopened
- Reduction in geopolitical risk premium
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