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International Business Times
International Business Times
World

Stocks Rally As Iran-Israel Ceasefire Holds, Oil Claws Back Some Losses

Traders breathed a sigh of relief after Donald Trump announced the Israel-Iran ceasefire (Credit: AFP)

Most equities extended a global rally Wednesday after Iran and Israel agreed to a ceasefire that ended more than a week of hostilities, while the dollar struggled to recover from a sharp drop stoked by bets on a US interest rate cut.

However, wariness over the agreement by the Middle East foes helped oil prices climb, though they are still well down from their highs on Monday.

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