Markets rally on Iran ceasefire hopes as oil sinks
TL;DR Summary
Global stock markets rose and oil prices fell as investors priced in progress toward ending the Iran–U.S. conflict, with China urging a comprehensive ceasefire and traders hoping for reduced risk and volatility.
- Wall Street soars, oil plunges as China calls for comprehensive ceasefire in Iran-US war AP News
- In Talks With Iran, China Calls for Opening of Strait of Hormuz The New York Times
- Trump says he's paused U.S. effort to guide stranded vessels out of Strait of Hormuz NPR
- China Warns Against Resuming War in Talks With Top Iran Diplomat Bloomberg
- China is stepping up its Iran war diplomacy ahead of Trump's summit with Xi WRAL
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