Lower oil prices could prompt a broader equity rally
A tentative U.S.-Iran peace deal has led to a decline in oil prices, which could have a positive impact on global stock markets.
The drop in oil prices may clear the path for central banks to cut interest rates, as higher oil prices are currently seen as a threat to stocks due to inflation and growth concerns.
Investors are watching the situation closely, as the decline in oil prices could lead to a broader equity rally.