Dow Futures Shoot Up 900 Points, Oil Crashes 13% As Trump Agrees To 'Suspend' Bombing Iran For 2 Weeks In Return For Hormuz Strait Opening

Late Tuesday, oil markets tumbled and global equities surged after Donald Trump agreed to pause military action against Iran in exchange for restoring safe passage through the Strait of Hormuz. Oil Prices Plunge, Stock Futures Rally On Ceasefire Hopes Dow futures surged 848 points, or 1.81%, to 47,660.00 as of 8:45 p.m. EDT. S&P 500 futures climbed 138.25 points, or 2.08%, to 6,795.00, while Nasdaq 100 futures jumped 674.75 points, or 2.77%, to 25,045.75. In commodities, WTI crude fell 13.66% to