Oil prices sink and US stock futures jump as US and Iran agree to 2-week ceasefire

by Stan Choe, The Associated Press

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.

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