Stocks Rally, Gas Prices Fall as U.S., Iran Move Ahead on Peace Deal
U.S.-Iran 60-day peace deal reopens Strait of Hormuz; crude and gas prices drop to prewar levels. Supply chain recovery reduces inflation risk and energy cost volatility, stabilizing IT capex budgets but leaving private credit withdrawal risks unresolved.
(Bloomberg) -- Wall Street staged a comeback that saw stocks climbing as oil fell after a peace deal between the US and Iran spurred optimism that a revival of the Strait of Hormuz will ease inflation risks.
Stocks Have Even More Room to Fly if Hormuz Reopens
Stock Futures, Treasurys Rebound on U.S.-Iran Agreement, Fed Reaction
(Bloomberg) -- Wall Street staged a comeback that saw stocks climbing as oil fell after a peace deal between the US and Iran spurred optimism that a revival of the Strait of…
(Bloomberg) -- Wall Street staged a comeback that saw stocks climbing as oil dropped after a peace deal between the US and Iran spurred optimism that a revival of the Strait of…
Oil Prices Settle Near Prewar Prices, Gas Falls Below $4 After Iran Deal Is Signed