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      Dow Futures Shoot Up 900 Points, Oil Crashes 13% As Trump Agrees To 'Suspend' Bombing Iran For 2 Weeks In Return For Hormuz Strait Opening

      Late Tuesday, oil markets tumbled and global equities surged after Donald Trump agreed to pause military action against Iran in exchange for restoring safe passage through the Strait of Hormuz.

      Oil Prices Plunge, Stock Futures Rally On Ceasefire Hopes

      Dow futures surged 848 points, or 1.81%, to 47,660.00 as of 8:45 p.m. EDT.

      S&P 500 futures climbed 138.25 points, or 2.08%, to 6,795.00, while Nasdaq 100 futures jumped 674.75 points, or 2.77%, to 25,045.75.

      In commodities, WTI crude fell 13.66% to $97.52 per barrel, while Brent crude dropped 12.57% to $95.54 per barrel.

      RBOB gasoline futures slid 9.80% to $2.9814 per gallon and ULSD heating oil futures plummeted 16.09% to $3.7572 per gallon.

      Natural gas futures declined 3.31% to $2.775 per MMBtu.

      Meanwhile, the U.S. dollar index was at 98.998, down 0.52%.

      Asian markets were higher, with Japan’s Nikkei 225 gaining 4.27% to 55,712.92, while South Korea’s KOSPI rose 5.29% to 5,785.22.

      Trump Announces Two-Week Pause

      In a post on Truth Social, Trump said he would suspend planned strikes ...

      Full story available on Benzinga.com


      Source: Benzinga
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