Oil prices drop sharply, and stocks rally worldwide after announcement of Israel-Iran ceasefire

Oil prices drop sharply, and stocks rally worldwide after announcement of Israel-Iran ceasefire

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Oil prices are dropping further, and stocks are rallying worldwide Tuesday on hopes that Israel’s war with Iran will not damage the global flow of crude, even if a tentative truce seemed to fray under fire in the morning. The S&P 500 was 0.7% higher in early trading, following up on even bigger…

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