Iran ceasefire deteriorates as Trump acknowledges regional tensions. Oil markets respond sharply with Brent crude jumping nearly three percent to top one hundred four dollars per barrel, while West Texas Intermediate climbed three percent to ninety-eight dollars. Crude prices have surged over forty percent since the conflict began in late February. Saudi Aramco's CEO warns that even if the Strait of Hormuz reopens, market normalization could extend into twenty twenty-seven due to lingering supply chain disruptions. Despite geopolitical volatility, U.S. equity markets reached new highs, with the S&P Five Hundred and Nasdaq Composite extending their gains. The Trump administration is considering suspending federal gas taxes to mitigate pump prices ahead of elections.
