Trump pauses Iran strikes; US stocks surge
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- President Trump said he would pause for five days any strikes against Iran's energy infrastructure.
- Dow posted its biggest percentage gain since early February, with the S&P 500 and Nasdaq also rallying sharply.
- Oil prices fell about 10% to $100 a barrel after the announcement.
- Drivers paying nearly $4 a gallon for gasoline saw hope as oil prices dropped.
Why it matters: Investors in U.S. equities gain from the rally, while oil producers and related energy firms lose as prices tumble; drivers benefit from lower gasoline costs. The five‑day pause temporarily reduces geopolitical risk, shifting capital toward riskier assets and eases short‑term market volatility.
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