A relief rally was spurred by Iran's agreement to a two-week ceasefire.
A two-week ceasefire between the U.S. and Iran sparked a broad-based relief rally across risk assets, and even buoying traditional safe havens.
Investors welcome the possible resumption of oil and gas flows through the Strait of Hormuz.
Markets are rejoicing after President Donald Trump announced a two week cease-fire with Iran and Tehran signaled a reopening of the Strait of Hormuz.
Stock futures surge and oil prices plunge as the Trump administration and Tehran agree a 2-week ceasefire.