Dow hits all-time high as ceasefire hopes drive oil prices lower
By
Anniek Bao
Crisp on the outside, thoughtful on the inside. A keeper.
Summary
The article covers a shift in market sentiment toward a "ceasefire trade" as geopolitical tensions ease. The Dow Jones Industrial Average hit a fresh all-time high, the S&P 500 edged higher, and oil prices dropped significantly (Brent crude down 2.8% to $95.03, WTI down 3.1% to $93.04). This market movement follows reports that President Trump is open to meeting Iran's Supreme Leader if a deal can be reached, and that he is reluctant to pursue full-scale war with Tehran. However, Iran-backed Hezbollah has rejected U.S.-backed ceasefire terms between Israel and Lebanon, demanding a full Israeli withdrawal first.
Key quotes
· 4 pulledU.S. President Donald Trump said he'd be 'honored' to meet Iran's Supreme Leader Ayatollah Mojtaba Khamenei, if a deal can be reached
Brent futures, the international crude benchmark, lost 2.8% to close at $95.03 per barrel
West Texas Intermediate futures dropped 3.1% to settle at $93.04 per barrel Thursday
Iran-backed Hezbollah rejected the U.S.-backed ceasefire terms agreed between Israel and Lebanon, demanding a full Israeli withdrawal first
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