Global Markets Rally As US And Iran Close In on Peace Deal

Oil prices plummet and stocks soar after reports suggest Washington and Tehran are nearing a historic agreement to end their war.

Global financial markets experienced a dramatic shift on Wednesday as optimism over a potential US-Iran peace deal triggered a massive sell-off in oil and a rally in stocks.

According to reports from Axios, the United States and Iran are closing in on a one-page memorandum to end hostilities . The potential deal would reportedly involve Iran committing to a moratorium on nuclear enrichment for an estimated 12 to 15 years, while the United States would agree to lift sanctions and both sides would guarantee freedom of transit through the Strait of Hormuz .

US President Donald Trump confirmed the positive momentum, stating that talks over the past 24 hours have been "very good" and that a deal is "very possible" .

The news sent immediate shockwaves through energy markets. **Brent crude oil futures briefly fell below 100abarrel∗∗forthefirsttimeinweeks,droppingnearly8100abarrel∗∗forthefirsttimeinweeks,droppingnearly895 .

Conversely, stock markets surged. The S&P 500 and Nasdaq Composite hit record highs, with the tech-heavy Nasdaq jumping 2% . Analysts described the move as markets shifting into "buy everything" mode, as investors bet that an end to the conflict would stabilize global supply chains and lower inflationary pressures .

However, caution remains. Iran has stated that the US proposal is "still under review" and that reports of a final agreement may be premature . Oil prices, while down sharply from recent peaks, remain significantly higher than before the conflict began in late February .