Equity markets surge as diplomatic talks between Washington and Tehran fuel optimism over reduced Middle East tensions.
Global stocks reached record levels after reports emerged of potential negotiations between the US and Iran. Investors reacted positively to signs of de-escalation, which could ease geopolitical risks in oil-producing regions.
Prior to this, markets had been volatile amid heightened tensions, with crude prices fluctuating on supply disruption fears. The latest truce hopes contrast with last month’s military exchanges, which had weighed on risk assets.
No immediate market reaction data was provided, but the shift in sentiment suggests a relief rally in equities and commodities.