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[MARKET UPDATE]: Crude slides, Dollar weakens, while stocks and Treasuries gain as Ria report on potential US/Iran ceasefire gains wider traction

StockNow breaking-news AI analysis

Reports of a potential US-Iran ceasefire pressured crude oil and the US dollar lower, while boosting equities and Treasuries as inflation and rate hike concerns eased.

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Geopolitics

A ceasefire between the US and Iran has been agreed upon, it includes free navigation in the Strait of Hormuz and will be announced in the coming days, reports Ria citing Pakistani and Iranian sources

Geopolitics

Joint Statement between Oman and Iran on Consultations between the Foreign Ministers of the two; consultations focused on the importance that both countries attach to resuming safe navigation through the Strait of Hormuz