Oil prices plunge, stocks surge on US-Iran ceasefire

NEW YORK, United States — Oil and gas prices plunged, stock markets soared and the dollar retreated Wednesday after the United States and Iran agreed to a temporary ceasefire that could lead to the Strait of Hormuz reopening. “A wave of relief has hit financial markets after threats of a devastating escalation of the war were replaced by a temporary truce,” said Susannah Streeter, chief investment strategist at Wealth Club. READ: US, Iran agree to 11th-hour truce after Trump apocalyptic threats The most widely traded oil contracts fell some 15 percent to around $95 a barrel, after more than a month […]... Keep on reading: Oil prices plunge, stocks surge on US-Iran ceasefire

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