US-Iran Peace Deal Rumors Send Stocks Up $500 Billion as Oil Price Crashes
Reports of a near-final US-Iran draft brokered by Pakistan added roughly $500 billion to US equities on May 21. WTI crude oil slid to $96.23, while Bitcoin (BTC) edged higher on ceasefire optimism. Al Arabiya reported that the leaked draft includes an immediate ceasefire and freedom of navigation through the Strait of Hormuz. Sanctions on...
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