Markets React to Ceasefire and Rising Tensions in the Middle East
Markets continued their upward trend despite ongoing tensions in the Middle East, with the S&P 500 and Nasdaq hitting new records. Oil prices rose as Brent crude crossed the $100 mark, driven by Iran's actions in the Strait of Hormuz. Asian markets also saw gains, with Japan's Nikkei 225 and South Korea's Kospi hitting new highs.
Topics: ceasefire geopolitical tensions Iran oil prices stock markets Strait of Hormuz