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Markets reacted positively after the United States and Iran reached a last-minute cease-fire agreement.
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Asian benchmarks jump after oil prices sink in response to the Iran ceasefire AP NewsSouth Korea stocks lead gains in Asia as oil prices plunge after U.S.-Iran ceasefire deal CNBCUS-Iran Ceasefire to Fuel Asia Relief Rally, Strategists Say Bloomberg.comTokyo, Seoul shares gain, war sends oil higher Yahoo Finance
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Stocks closed mixed Tuesday as President Trump intensified his threats against Iran to reopen the Strait of Hormuz by this evening.
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Oil slides after Trump agrees to conditional two-week Iran ceasefire bbc.comOil prices drop and stocks rally after Trump's ceasefire announcement cnn.comOil prices plummet under $100 mark after Trump reveals US-Iran ceasefire fox9.comDow futures jump 900 points, oil tumbles after Trump suspends Iran attacks for two weeks: Live updates CNBC
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A group of oil-related stocks is "trading ~30% below where its historic relationship with oil implies," according to one analyst.
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