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Fortune
Fortune
Jim Edwards

Oil down, hopes up, ‘risk-on’: Stocks are back near their all-time highs

Oil Iran SP UBS Israel Coinbase
(Credit: Vernon Wiley via Getty Images)
  • Stock markets seem to be celebrating the ceasefire between Iran and Israel and the resulting decline in the price of oil. Asia markets were up and Europe was flat in early trading. S&P futures were flat this morning too, following a decline in the price of oil to $68 per barrel over the last few days.

The ceasefire between Israel and Iran appears to be holding, despite some military action yesterday, and the markets are celebrating.

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