Russell 2000 Rises on Reduced Oil Price Pressures from Iran Cease-Fire Extension
The Russell 2000 index rose 0.82% as President Trump extended the U.S. cease-fire with Iran, easing oil price pressures and boosting small-cap stocks. Brent crude fell to $100/barrel from $115, reducing cost pressures for domestic firms. However, ongoing tensions in the Strait of Hormuz may affect the sustainability of the gains.
Topics: geopolitical tensions Iran cease-fire oil prices Russell 2000 small-cap stocks Trump administration