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Stocks Rise Amid Easing Tensions and Bitcoin Surge

Guavy AI Editorial Team
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The US stock market closed higher on Friday as tensions with Iran eased and crude oil prices stabilized.

President Masoud Pezeshkian's call to end the US-Iran war helped ease pressure on crude prices, which had reached a one-month high the previous day.

US Treasury Secretary Bessent announced that the administration would unveil its plan to isolate Iran and its trading partners on Monday, but markets seemed skeptical of swift progress towards resolving the conflict.

Cryptocurrency-exposed stocks led broader market gains, with Bitcoin surging over +6% to a three-month high after rallying more than +20% for the week.

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