Oil falls to around $90 per barrel, US stocks surge after US-Iran ceasefire

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.