Markets react positively after news of Iran and Israel reaching ceasefire agreement

Pumping gas for vehicles at a gas station in Texas, USA. Photo: THX/TTXVN

According to a VNA correspondent in New York, the price of crude oil futures on the New York floor turned sharply down at the end of the trading session, reaching the lowest level in the past week after having a hot session just one day earlier due to the US attack on Iran. Specifically, the price of WTI crude oil closed the session down 2.87 USD (4.19%) to 65.64 USD/barrel; Brent oil "evaporated" 5.53 USD (7.18%) to 71.48 USD/barrel.

According to financial website marketwatch.com, the sharp decline in world oil prices is a direct result of the news that Iran and Israel reached a ceasefire agreement, thereby reducing market concerns about the risk of disruption of oil supplies from the Middle East.

In the non-ferrous metal market, gold prices also moved in the same direction as oil prices, falling by 30 USD to 3,364.64 USD/ounce.

In contrast to oil and gold prices, the New York stock market witnessed a “green wave” in the final minutes of the trading session. The Dow Jones index closed up 374.96 points (0.89%) to 42,581.78 points; the S&P 500 rose 57 points (0.96%) to 6,025.17 points; and the Nasdaq ended the volatile trading day at 19,630.97 points (up 183.56 points).

Earlier that day, President Trump announced that a ceasefire agreement between Israel and Iran had been agreed upon and would officially take effect at 7:00 a.m. on June 24, Israel time (11:00 a.m. on the same day, Vietnam time). According to Trump's statement, Iran would immediately end its attacks, while Israel would join the ceasefire 12 hours after the agreement began. After 24 hours, the two sides are expected to officially declare an end to the 12-day war.

According to VNA

Source: https://baoapbac.vn/kinh-te/202506/thi-truong-phan-ung-tich-cuc-sau-tin-iran-va-israel-dat-thoa-thuan-ngung-ban-1046013/