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The cease-fire agreement between the U.S. and Iran triggered a relief rally in shares of travel and retail giants Wednesday, on hopes that a break from surging fuel prices would help businesses manage costs and calm anxious consumers.
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Stock futures are little changed after Dow posts best day since April 2025 following ceasefire deal: Live updates CNBCOil is plunging, but don't expect $3 gas anytime soon. Here's why CNNOil prices drop amid ceasefire The HillThe third Gulf war will scar energy markets for a long time yet The Economist
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Oil prices plunge and shares jump on US-Iran ceasefire plan BBCIt Will Take Months to Get Oil and Gas Flowing out of the Persian Gulf The New York TimesIran ceasefire, Delta earnings, the Navy's retail woes and more in Morning Squawk CNBCWill consumers feel immediate relief if US, Iran ceasefire holds? abc7ny.com
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Analysts said oil and natural gas energy companies would not quickly restore production unless attacks stopped and ships started moving through the Strait of Hormuz.
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Late Tuesday the two countries agreed to a two-week ceasefire.
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Delta and Southwest are joining United and JetBlue in raising checked bag fees.
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