"Oil fell below $100 per barrel on the news, as the agreement hinges on a 10-point plan from Iran's Supreme National Security Council that includes reopening the Strait of Hormuz."
"Supermicro's board started an internal investigation following a federal indictment alleging one of the company's cofounders orchestrated the routing of $2.5 billion in servers packed with Nvidia's GPUs to China."
"Governments around the world expressed enthusiasm at the prospect of hostilities being over. Markets jumped on the news."
"The 10-point plan contains some proposals that are surprising, to say the least, including reopening the Strait of Hormuz 'in co-ordination with Iran's armed forces' to 'guarantee Iran's dominance.'"
Oil prices fell to $94 per barrel after a ceasefire agreement between the U.S. and Iran. The S&P 500 futures rose 2.57% before the New York open, following a marginal increase in the index yesterday. Asian and European stock markets surged, with South Korea's KOSPI up 6.87% and Japan's Nikkei 225 up 5.39%. Supermicro initiated an internal investigation into a cofounder's alleged involvement in smuggling Nvidia chips to China, raising concerns about reputational risks with Nvidia. The ceasefire includes a 10-point plan from Iran's Supreme National Security Council.
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