Markets rally on Iran peace hopes as oil slips and AI rally lifts shares
Stocks jumped on reports that the US and Iran are nearing a peace deal, sending U.S. indices to fresh highs while Brent crude slid toward $100 as oil prices fell; the rally was aided by AI optimism, lifting semis such as AMD, Intel, ARM and Qualcomm, with Asia-Pac gains led by Samsung and broad EU and global indices also rising as the dollar weakened on the news.
