Global Stock Market Soars on Oil Price Decline Amid US-Iran Tensions Easing

The global stock market has experienced a significant surge in value following a pause in hostilities between the United States and Iran, which led to a decline in oil prices.

The Brent crude price dropped over 6% to around $90 per barrel, while West Texas Intermediate declined approximately 6.5% to $83.51.

This decrease in energy costs eased inflation concerns and encouraged investors to return to risk assets, leading to gains across various markets.

The S&P 500 futures rose 0.8%, Nasdaq 100 futures jumped 1.3%, and Dow futures gained around 0.7% as technology stocks led the gains.