2 Days
Source:
The Fiscal Times
Stocks Rise Oil Drops After Iran Deal
Stocks rallied globally and oil prices declined after the US and Iran reached a tentative agreement to extend their ceasefire and reopen the Strait of Hormuz. The deal led to a 1.7% rise in the S&P 500, a record high for the Dow, and a 3.1% increase in the Nasdaq, amid expectations of lower oil prices easing inflation pressures. The agreement does not address Iran's nuclear program, and negotiations are expected to continue, with full energy industry recovery likely taking months.
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