Oil Drop Fuels Market Surge | Miami News

Oil prices plummeted as U.S.-Iran tensions paused, sparking a major market rally — the S&P 500 jumped 64 points, the Dow gained 610, and the Nasdaq surged too. Analysts say the dip eased geopolitical pressure, letting markets exhale. Iran isn’t talking directly with the U.S., but is negotiating with Oman over Strait of Hormuz shipping. With military forces still mobilized, the calm is fragile. Meanwhile, falling oil prices could fuel inflation, forcing the Fed to reconsider rate hikes later this year — a complex, high-stakes dance still unfolding. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/bae6a0c63f37de19