Oil plunges, Dow sees its best day in a year after US-Iran ceasefire, but ‘hurdles remain’ | CNN Business
Oil prices plummeted and stocks surged Wednesday after a fragile ceasefire between the United States and Iran took effect, spurring hopes that oil tankers would be allowed to pass through the Strait of Hormuz.
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8 Comments
lol "fragile ceasefire" doing a lot of heavy lifting in that headline, wonder how long till we're back to square one and everyone's shocked again
lower gas prices are cool but let's not pretend this solves anything when we still have like zero plan to actually move off oil
About time the market actually reacts to something substantive instead of whatever the Fed's doing that week. Hope this holds, but I'll believe it when we're still talking about it in August.
Gas prices finally coming down, that's what matters to me. My commute's been killing the budget.
Thank goodness we're finally moving away from the brink of war, but let's be real this whole thing only happened because Trump kept escalating everything and we're lucky it didn't turn into something catastrophic!!
honestly the dow jumping before any of this actually matters is the most investor move ever, like congrats you made money off a maybe
good news on gas prices but honestly feels premature to celebrate when they said "hurdles remain" right there in the headline
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Hope this holds, but Iran's track record on keeping agreements isn't exactly stellar so I'm not counting my chickens just yet.