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US stock market today: Wall street rally after announcement of Israel-Iran ceasefire, Oil prices drop sharply

IndiaTimes Tuesday, 24 June 2025 ()
Oil prices plummeted and global stocks surged following President Trump's announcement of a ceasefire between Israel and Iran, alleviating concerns about disruptions to global crude supply. The market's positive reaction stems from hopes for sustained peace and potential reduction in inflationary pressures, possibly influencing the Federal Reserve's interest rate decisions.
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Video Credit: Oneindia - Published
News video: Iran CLOSES Global Oil Chokehold? Hormuz Closure Approved After Us-Israel Strikes | What Next?

Iran CLOSES Global Oil Chokehold? Hormuz Closure Approved After Us-Israel Strikes | What Next? 03:37

Iran’s parliament has voted to close the Strait of Hormuz, a vital oil route carrying 20% of global crude. Though the final decision awaits the Supreme National Security Council, the move is seen as retaliation to U.S.-Israel attacks on Iranian nuclear sites. A closure would rattle global oil...

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