Quartz·1 min read·medium
The Dow jumped 900 points to a record on hopes for a Hormuz deal
✦AI Summary
The Dow Jones Industrial Average reached a record high following reports that the U.S. and Iran may reach a deal to reopen the Strait of Hormuz. Consequently, oil prices experienced a sharp decline due to the potential for increased supply stability.
Oil prices fell sharply after the Treasury secretary said the U.S. and Iran may reach a deal to reopen the Strait of Hormuz within days
economybusinessworld
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