The S&P 500 gained 1.3% in Monday trading amid a global stock rally and falling oil prices, following reports of a tentative US-Iran deal. The move continues a market trend connected to the emerging agreement between Washington and Tehran, according to market sources.
The S&P 500 rose 1.3% on Monday afternoon, part of a broader global equity rally driven by a sharp decline in crude oil prices, which followed reports of a tentative agreement between the United States and Iran on ending their ongoing military confrontation.
This marks the latest in a series of market moves linked to US-Iran diplomatic and trade developments. As The Zioneer reported earlier Monday, Asian markets surged and oil neared $80 after President Trump announced a completed peace deal with Iran, though Tehran clarified certain conditions. Earlier in the week, Israeli and Asian indices had moved in opposite directions, with Tel Aviv trading sharply lower on Monday afternoon as Iran's market gained.
The oil-sensitive rally reflects investor expectations that a deal would restart Iranian crude exports, reversing weeks of supply disruption after the Strait of Hormuz closure. Market observers note that the rally's sustainability depends on the final terms and Iran's implementation.
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