Global stocks surged and oil prices fell after a fragile two-week ceasefire was announced between the US and Iran.
The Dow jumped over 1,300 points, while oil futures dropped below $95 per barrel, though spot prices remained elevated due to ongoing supply disruptions.
Analysts warn that energy prices and inflation could remain volatile, as the ceasefire’s durability and the reopening of the Strait of Hormuz remain uncertain.
Will the market's relief rally last, or is the fragile Mideast ceasefire doomed to fail?
Beyond falling oil futures, how long will it take to untangle the global shipping crisis at Hormuz?
Will the Hormuz disruption permanently force global trade to seek safer, more expensive alternative routes?
Has the five-week war unintentionally given Iran more control over the world's most critical oil chokepoint?
Will a temporary Mideast truce convince the Federal Reserve to consider interest rate cuts this year?
As high-stakes talks unfold, what happens if diplomacy fails and the conflict reignites next week?