Fortune·4 min read·medium
Kospi index and US stock futures jump as Hormuz talks send oil prices plunging ahead of Fed meeting
J
Jason Ma
✦AI Summary
Global markets rallied as diplomatic efforts between the US and Iran aimed to reopen the Strait of Hormuz, leading to a significant drop in oil prices. Investors are also preparing for a busy week of tech earnings and a Federal Reserve policy meeting.
Investors were bullish on Sunday evening as the U.S. and Iran continued to halt their attacks on each other, providing space for negotiations that could reopen the Strait of Hormuz.
economybusinessworld
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