US stock market today: Wall street rally after announcement of Israel-Iran ceasefire, Oil prices drop sharply

Jun 24, 2025 - 20:30
US stock market today: Wall street rally after announcement of Israel-Iran ceasefire, Oil prices drop sharply

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Oil prices plummeted and global stocks surged following President Trump's announcement of a ceasefire between Israel and Iran, alleviating concerns about disruptions to global crude supply. The market's positive reaction stems from hopes for sustained peace and potential reduction in inflationary pressures, possibly influencing the Federal Reserve's interest rate decisions.

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