Markets rally amid hopes of US-Iran deal
Markets have rallied amid optimism for a potential ceasefire deal between the US and Iran. This has led to a decline in oil prices and a rise in stock market indices. However, significant sticking points remain in the negotiations, leaving the outcome uncertain.
- ▪The US stock market is near record highs as negotiations between Washington and Tehran continue.
- ▪Oil prices have fallen sharply, with US crude settling at $88.68 and Brent crude at $92.
- ▪The report suggests Iran may allow traffic through the Strait of Hormuz at pre-war levels within 30 days.
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News|US-Israel war on IranMarkets rally amid hopes of US-Iran dealMarkets betting a deal will reopen the Strait of Hormuz and soothe the deep global economic uncertainty cast by the closure of the vital oil & gas route.ListenListen (3 mins)SaveClick here to share on social mediashare-nodesSharefacebookxwhatsapp-strokecopylinkgoogleAdd Al Jazeera on GoogleinfoIranians walk in front of a large anti-US billboard featuring US President Donald Trump and the Strait of Hormuz, at Valiasr Square in Tehran, Iran [File: Abedin Taherkenareh/EPA]By Al Jazeera StaffPublished On 27 May 202627 May 2026The United States stock market has been hovering near record highs and oil prices have plunged amid new hope that a ceasefire deal between the US and Iran is close.The rally came on Wednesday as…
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