Global equity markets staged a broad rally on Monday, propelled by a diplomatic breakthrough between the United States and Iran.
The agreement, which effectively ends the conflict between the two nations, has removed a significant geopolitical overhang that had weighed on investor sentiment for months.
The Dow Jones Industrial Average closed above the 52,000-point threshold for the first time, marking a historic milestone for the blue-chip benchmark.
The gain came as investors largely dismissed recent warnings regarding potential escalation, opting instead to price in a more stable geopolitical environment.
The move signals a rapid repricing of risk assets following the de-escalation.
The diplomatic understanding was confirmed with Pakistan acting as an intermediary in the negotiations.