"Brent crude futures fell 15pc, to below $100 a barrel, offering some respite after weeks of elevated oil prices though that is by no means cheap by pre-war standards."
"The pan-European STOXX 600 index was up 3.6pc at 611.73 points, as of 0713 GMT, and poised for its best session in a year, if current momentum persists."
"Market reaction was swift after U.S. President Donald Trump agreed to a two-week ceasefire with Iran, less than two hours before his deadline for Tehran to reopen the Strait of Hormuz."
"The Dubai Financial Market General Index jumped as much as 8.5pc, the biggest intraday increase since December 2014, as investors piled into real estate and bank shares."
Oil prices fell sharply, with Brent crude futures dropping 15% to below $100 a barrel. European shares, particularly the STOXX 600 index, rose 3.6%, marking a potential best session in a year. Stocks of Ryanair, Bank of Ireland, and AIB saw significant gains. The market reacted positively to a two-week ceasefire agreement between the U.S. and Iran, which could allow oil transit through the Strait of Hormuz. Investors remain cautious, hoping for a lasting resolution to the ongoing conflict.
Read at Irish Independent
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