US-Iran Peace Talks - Markets Rally Hopes for a US-Iran peace deal and the reopening of the Strait of Hormuz are driving a major risk-on mood. The S&P 500 hit new all-time highs for the second consecutive day, and Asian markets followed. Oil prices pulled back sharply — Brent has been holding above $100/barrel since the Iran war began, but peace optimism is finally putting downward pressure on it. Lower oil = good for inflation, good for consumers.

US-Iran Peace Talks - Markets Rally Hopes for a US-Iran peace deal and the reopening of the Strait of Hormuz are driving a major risk-on mood. The S&P 500 hit new all-time highs for the second consecutive day, and Asian markets followed.
Oil prices pulled back sharply — Brent has been holding above $100/barrel since the Iran war began, but peace optimism is finally putting downward pressure on it. Lower oil = good for inflation, good for consumers.