Oil Deal Cools Inflation Fears, Stocks Rally
Part of composite article Nikkei Blasts Past 70,000, KOSPI Shatters 9,000 as Oil Deal Sparks Global Rally View full article →
Wall Street rebounded today as stocks climbed following a sharp drop in oil prices. A peace deal between the United States and Iran raised hopes that the Strait of Hormuz will reopen, easing global inflation risks. Investors welcomed the news, pushing major indexes higher.