Trump‑backed ceasefire slashes oil, lifts stocks
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Trump agreed to suspend bombing and attacks on Iran for two weeks, after setting a late‑Tuesday deadline that threatened to destroy every bridge and power plant if Iran did not reopen the Strait of Hormuz, and said a long‑term peace deal was in progress.
- U.S. crude futures fell about 16.5% to $94 a barrel.
- S&P 500 futures jumped more than 2%.
- 10‑year U.S. Treasury futures rose roughly 15 ticks.
- Australian dollar rose 1.3% to above $0.7070.
- Euro gained 0.76% to $1.1683.
- Gold rose over 2% to $4,812 per ounce.
Why it matters: Investors benefit from lower oil costs and higher equity valuations, while oil exporters and the Iranian economy lose from the price plunge; the ceasefire also eases inflation pressures, boosts risk‑on assets, and supports commodity markets such as gold and lifts the Australian dollar and euro.
