Oil prices drop and stock futures jump as US and Iran agree to a 2-week ceasefire
Middle East,Oil Prices,Oil,Iran,Strait of Hormuz,Stock Market
From the Right
AllSides Media Bias Rating: Right
After President Donald Trump agreed to a two-week ceasefire on Tuesday evening, oil prices plunged, and U.S. stock futures increased. Futures for the S&P 500 rose to 2.2% as of 8 p.m. EST, and the Dow futures rose by 930 points.
Check for Bias
The AI-powered AllSides Bias Checker instantly reveals the bias of a news article. Tap the button to use.
Related Coverage
AllSides Picks
Headline Roundup
US and Japan Make Coordinated Yen Purchases to Bolster Currency
August 3rd, 2026
Headline Roundup
Newsom Praises Minimum Wage Raise in California
August 2nd, 2026
The Insight
The Insight: What NYC's City-Run Grocery Stores Mean for America
AllSides Staff
July 31st, 2026
News
Tracking Trump’s Campaign Promises
AllSides Staff
July 24th, 2026