Oil Plunges, Stocks Rally on Iran Ceasefire; Hormuz Status Disputed

Global markets saw oil prices drop below $95 and the Dow surge 1,300 points following the US-Iran ceasefire, but the Strait of Hormuz's reopening remains contested, with Iran reportedly demanding cryptocurrency tolls for passage.

Coverage

• Oil plunges below $95 as the Dow surges 1,300 in a worldwide rally following a ceasefire with Iran - AP News
• Oil prices plunge and stocks jump after Trump announces conditional ceasefire with Iran
• Trump wants Strait of Hormuz open 'without limitation, including tolls' during Iran ceasefire: White House
• Stocks Rally, Oil Falls on Iran Truce | Closing Bell
• U.S. crude oil posts biggest one-day drop since 2020 on U.S.-Iran ceasefire agreement
• Trump to discuss QUITTING NATO over 'turning their backs on the American people' - as he furiously denies Strait of Hormuz is closed
• Reports: Iran Blocks Traffic in Strait of Hormuz over Israeli Strikes in Lebanon

SplitViewNews News