Global oil prices crashed after Donald Trump announced a two-week ceasefire agreement with Iran to reopen the Strait of Hormuz.The deal follows intense mediation by leaders from Pakistan and China to end the supply shock caused by the military Operation Epic Fury.Major indices including the Dow Jones and Nasdaq soared as investors reacted to the sudden de-escalation of the Middle East conflict.While the
USA maintains demands for an end to nuclear enrichment, Iranian forces will now coordinate safe passage for commercial ships.