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Wall Street, global markets surge after US-Iran ceasefire sends oil prices below $100 a barrel

Wall Street surged in Wednesday premarket trading as oil prices plunged 16% after the U. S. and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz. Futures for the S&P 500 jumped 2. 7% before the opening bell and futures for the Dow Jones Industrial Average climbed 2. 6%. Nasdaq futures soared 3. 4%. Benchmark U. S. crude sank $18. 43 to $94. 52 a barrel, a nearly 16% decline. Brent crude, the international standard dropped $15. 54 to $93. 73 a barrel. gas...

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