breaking

Stocks Hit Record High as US-Iran Ceasefire Extension Lifts Risk Sentiment

Equities reached all-time highs Thursday as markets responded positively to a tentative agreement between the United States and Iran to extend their ceasefire. The deal requires President Donald Trump's approval. Oil prices declined on the news, reflecting easing tensions in the Middle East and reduced concerns about supply disruptions. The pound weakened against the dollar as traders reassessed currency positions following the shift in market sentiment. Market participants viewed the ceasefire extension as stabilizing global trade flows and logistics operations, which have faced headwinds from regional uncertainty. The tentative nature of the agreement kept some volatility in place ahead of final authorization.