Markets surge, oil tumbles after two-week ceasefire with Iran
Global markets rallied and crude prices fell after the start of a two-week ceasefire with Iran, even as accounts differed about activity in the Strait of Hormuz.
Stock markets soared and oil prices plummeted following the start of a two-week ceasefire with Iran. The market moves occurred despite conflicting reports about the situation in the Strait of Hormuz.