5d ago
Markets Rally on Hopes of U.S.-Iran Ceasefire Extension and Hormuz Reopening as Trump Weighs Final Decision
Global markets surged toward record highs and oil prices suffered their steepest weekly drop in months on Friday, driven by reports that the U.S. and Iran have reached an outline for a 60-day ceasefire extension and the reopening of the Strait of Hormuz, pending President Trump's final approval.