💨 Abstract

On Wednesday, global markets surged as oil prices dropped below $100 after the U.S. and Iran agreed to a two-week ceasefire, reopening the Strait of Hormuz. The S&P 500, Dow Jones, and Nasdaq futures all saw significant gains. Benchmark U.S. crude and Brent crude prices fell sharply. Analysts remain cautiously optimistic, noting the ceasefire's short duration.

Courtesy: Globalnews Digital