Oil prices sink and US stock futures jump as US and Iran agree to 2-week ceasefire
NEW YORK (AP) — Oil prices plunged below $100 a barrel and Asia markets and U. S. stock futures jumped after the U. S. and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz. Japan’s benchmark Nikkei 225 rose 4. 8% and South Korea’s Kospi gained 5. 6%. Futures for the S&P 500 advanced 2. 3% as of 9:30 p. m. EDT, while Dow futures rose 2%. Futures for U. S. crude oil sank 14. 3% to $96. 83 a barrel and Brent crude oil, the international standard, 13 3%...
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