
Oil prices plunged about 12% after Trump agreed to a two-week standstill in strikes on Iran, prompted by Pakistan’s mediation; U.S. stock futures rose as Trump announced a “double-sided ceasefire” in the Iran conflict.

Oil prices plunged about 12% after Trump agreed to a two-week standstill in strikes on Iran, prompted by Pakistan’s mediation; U.S. stock futures rose as Trump announced a “double-sided ceasefire” in the Iran conflict.