US Stocks Rise and Oil Eases on Iran Peace Hopes
Major US stock indexes climbed as investors reacted to reports that Washington and Tehran are moving closer to a formal ceasefire extension. Crude oil prices retreated below 93 dollars per barrel while Treasury yields dipped as markets weighed potential relief for global shipping routes.
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S&P 500 rose 0.26% on Friday as markets reacted to a potential ceasefire extension between the United States and Iran. The index is on track for its ninth consecutive weekly gain, the longest winning streak since late 2023. Hopes for a reopened Strait of Hormuz could ease energy-driven inflation pressures.
