Global equity markets closed higher on Monday as investors reacted to a sudden de-escalation of geopolitical tensions in the Gulf region.
The Dow Jones Industrial Average rose 0.87%, while the broader S&P 500 index gained 0.41%.
67%. The rally in equities coincided with a sharp retreat in energy prices.
The Nasdaq Composite, tracking technology stocks, advanced 0.67%.
The rally in equities coincided with a sharp retreat in energy prices.
Brent crude oil and TTF natural gas futures fell significantly as markets priced out the risk of supply disruptions linked to the Strait of Hormuz.
The move reflects a rapid shift in sentiment following reports that the United States and Iran have reached a peace agreement aimed at ending nearly four months of conflict.