Global Markets: US Stock Markets Rally on Hopes of Iran Deal and Reduced Tensions

US financial markets witnessed a strong rally after reports that President Donald Trump had decided against immediate military action on Iran and claimed that a potential agreement with Tehran was close to completion. Investor sentiment improved amid expectations that easing geopolitical tensions could stabilize global energy supplies and reduce market uncertainty. The Nasdaq surged by around 640 points, closing approximately 2.5% higher, while the Dow Jones Industrial Average gained 929 points to end 1.86% up. The S&P 500 also posted significant gains, rising by 127 points to close 1.75% higher. Market participants believe that if a US-Iran agreement is finalized and the Strait of Hormuz reopens, disruptions to global oil shipments could be avoided, supporting international trade and energy markets. The positive momentum in US equities has also raised expectations that Indian stock markets may witness a favorable opening, reflecting optimism over improving global economic and geopolitical conditions.

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