Global stocks surge and oil slides on Iran peace deal report
Stocks climbed as investors priced in de-escalation, with Brent crude falling 11% and the Nasdaq 100 futures rising 1.7%, traders said.
- On Wednesday, global stock indices reached record highs as Brent crude plunged 11% to below $98 a barrel, driven by optimism over a potential peace deal between the United States and Iran.
- President Donald Trump paused efforts to guide ships through the Strait of Hormuz, citing "Great Progress has been made toward a Complete and Final Agreement" with Iran following mediation by Pakistan.
- Samsung Electronics' stock jumped 14% to exceed a $1 trillion market value, while rival SK Hynix soared nearly 11% as explosive demand for AI chips bolstered South Korean growth.
- Joachim Klement, head of strategy at Panmure Liberum, warned that sustaining this rally requires a permanent Middle East ceasefire to alleviate global supply constraints and restore trade flow.
- Despite strong U.S. earnings, "Sentiment remains vulnerable," says City Index senior market analyst Fiona Cincotta, who noted ongoing disruptions to international shipping routes.
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172 Articles
The Korea Times
Oil prices keep falling, while US stocks hang near their record highs
NEW YORK (AP) — The U.S. stock market is holding near its records Thursday as oil prices keep dropping on hopes that a deal may be nearing to allow...
Invigorated by the hope of an early end to the Iran war, the stock markets are rising to record levels. However, the two major price drivers face four risks.
The possibility that the U.S. and Iran will succeed in reaching an agreement to stop the war that has developed in the Middle East since the end of February and to date, served as the main catalyst for equity markets in the world, which concluded the previous session with solid profits.The above, after it was reported that Iran established an updated procedure for ships wishing to transit through the Strait of Ormuz, as according to the Islamic …
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