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Global Markets Rally, Oil Slides on Reported U.S.–Iran Tentative Deal to End War

Global Markets Rally, Oil Slides on Reported U.S.–Iran Tentative Deal to End War

Oil prices dropped by more than $4 per barrel as reports of a tentative agreement to end fighting boosted risk appetite. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all advanced in early Monday trading on the news.

Original headline

Global stocks soar and oil prices drop as U.S., Iran reach tentative deal to end war