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Oil plunges toward $95 as the Dow surges 1,000 in a worldwide rally following a ceasefire with Iran

NEW YORK (AP) — Oil prices are plunging back toward $95 per barrel, and stock markets are surging worldwide on Wednesday after President Donald Trump pulled back from his threat to force a “whole civilization” to die in the war with Iran. The S&P 500 leaped 2. 1% after Trump announced a two-week ceasefire with Iran, less than 90 minutes before a deadline Trump had set for it to open the Strait of Hormuz and allow oil tankers to exit the Persian Gulf. The Dow Jones Industrial Average was...

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