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[MARKET UPDATE] US equity futures begin higher (Emini S&P +0.4%, Emini Nasdaq 100 (+0.7%), while oil futures slump 6% at the reopen after US President Trump announced he agreed to halt strikes on Iran subject to making a rapid deal

StockNow breaking-news AI analysis

Markets rally and oil slumps 6% as President Trump halts Iran strikes pending a 'rapid deal' to open the Strait of Hormuz, while OPEC+ increases production quotas.

News detail

Spot gold is up 0.9% or around USD 35/oz higher. T-note futures are up around 13 ticks.

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