Stocks rally as US-Iran truce drives oil to $95

Dow Jones Today | US Stock Market LIVE Updates: US stock markets opened sharply higher after President Donald Trump signalled a temporary de-escalation in the US-Iran conflict, proposing a two-week ceasefire and easing fears of a prolonged disruption in global energy supplies.

The Dow Jones Industrial Average opened over 1,380 points higher, or about 2.7%, while the S&P 500 and Nasdaq Composite gained around 2.5% and 2.1%, respectively, at the start of trading.

The rally follows strong gains in pre-market trade after Iran agreed to reopen the Strait of Hormuz for two weeks, subject to a pause in hostilities, boosting investor sentiment.

Oil prices fell sharply on easing supply concerns, with US crude (WTI) dropping over 17% to around $93 per barrel, while Brent crude slipped more than 16% to near $91.

The positive momentum also builds on the previous session, where US indices ended largely flat with a positive bias amid early signs of a potential ceasefire. Global cues remained supportive, with Asian markets and Indian equities rallying sharply on hopes of de-escalation.

Watch this space for all the LIVE US stock market updates.