Markets reacted immediately — from the opening of early trading — to the peace deal between the United States and Iran, an agreement that stands to end the conflict that had upended prior economic expectations and created widespread uncertainty and doubt, heightening fears of a return to stagflation.
Oil suffered significant losses in early trading: US crude futures fell 4.8% to $80.80 per barrel in the latest transactions, while Brent crude futures dropped 3.9% to $83.89 per barrel.
Gold prices rose by approximately 1.7%, reaching $4,305, following the announcement on Sunday that a deal had been reached between the United States and Iran — a move that reflected rapid shifts in financial markets as geopolitical concerns eased.
The rise came as investors turned to safe-haven assets amid assessments of the agreement's implications for geopolitical stability and trade flows.
US stock index futures rebounded: Dow Jones Industrial futures rose 304 points, or the equivalent of 0.6%. S&P 500 futures also gained 0.7%, while Nasdaq 100 futures jumped 0.8%.