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Markets Rally as U.S.-Iran Deal Shakes Oil
Description
U.S. markets rally today after yesterday’s dip, with S&P 500 and Nasdaq futures climbing as Fed rate hike speculation eases. Oil prices tumble on rising hopes of a U.S.-Iran deal that could end the conflict — Brent down over $1, U.S. crude also falling but still above pre-war levels. The 60-day window for final nuclear talks includes sanctions waivers, freeing Iran to sell oil globally. Intel soars on Apple chip partnership news, while SpaceX continues its slide post-IPO. Travel stocks like Delta and United gain on lower fuel costs. Meanwhile, the Fed chair hints at communication changes, though rate hike support remains among committee members.
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