Economy
Oil falls to around $90 per barrel, US stocks surge after US-Iran ceasefire
Oil prices dropped to around $90 per barrel on Wednesday, while U.S. stocks surged after the United States and Iran agreed to a ceasefire. The S&P 500 jumped 2.7%, the Dow Jones Industrial Average climbed 1,350 points, and the Nasdaq Composite rose 3.4%, building on earlier gains in European and Asian markets. The ceasefire eased fears of supply disruptions in the Middle East, driving crude prices lower and boosting investor confidence. Wall Street’s rally reflected renewed optimism about global stability and economic growth, as markets welcomed the diplomatic breakthrough between the two nations.
Oil prices fell to about $90 per barrel on Wednesday, while US stocks jumped 2.7% after the United States and Iran reached a ceasefire.
The S&P 500 index jumped 2.7%, the Dow Jones Industrial Average rose by 1,350 points, and the Nasdaq Composite recorded a 3.4% gain, following larger gains in European and Asian markets.
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