Oil prices tumble, stocks rally on Mideast peace hopes

World oil prices dived Wednesday and stock markets rallied on fresh hopes for an end to the Iran war."We have been promised peace deals before, which have then failed to materialize, so while the market is willing to trade on the back of this deescalation, it will take further concrete steps to end the war and reopen the Strait of Hormuz before the oil price can meaningfully fall below $100 per barrel for Brent crude," said Kathleen Brooks, research director at trading platform XTB. Wall Street'