Stocks Rally as U.S.–Iran Deal Hopes Lift Market Sentiment
U.S. equities advanced on Wednesday after reports indicated that the United States and Iran are nearing an agreement to end the war, boosting investor optimism and risk appetite across Wall Street.
The Dow Jones Industrial Average climbed 542 points, or 1.1%. The S&P 500 gained 1.1%, while the Nasdaq Composite rose 1.5%. The rally followed a report suggesting that both nations are close to reaching a deal that could formally resolve the conflict, including a potential moratorium on nuclear enrichment.
Sources cited in the report said Iran is currently evaluating a U.S. proposal aimed at ending the hostilities. However, President Donald Trump later signaled that an agreement is not guaranteed, describing it as “perhaps, a big assumption” that Iran would accept the proposal. Following his remarks, equity markets pulled back slightly from their session highs.
Trump also warned that if Iran rejects the deal, military action could resume at a higher intensity. At the same time, he announced a temporary pause of “Project Freedom,” the U.S. initiative to guide stranded vessels through the Strait of Hormuz, citing significant progress toward a comprehensive agreement.
Meanwhile, oil prices plunged as traders reduced exposure amid expectations that the conflict could soon come to an end. West Texas Intermediate futures fell about 5%, trading above $96 per barrel, while Brent crude declined 5% to trade above $103 per barrel.
Source : Newsmaker.id
