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A 2-week ceasefire between the U.S. and Iran triggered a relief rally across risk assets, sending stocks higher and oil tumbling, while persistent demand for gold and Treasurys pointed to a market still hedging against uncertainty.
U.S. President Donald Trump said he had agreed to suspend planned attacks on Iranian infrastructure for two weeks, subject to Iran agreeing to a “COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz.”
Stocks surged across regions, with Asian benchmarks and U.S. futures climbing, as investors seized on the announcement as a potential turning point in a conflict that has rattled markets for weeks.
South Korea’s Kospi
