QtrendsThe US and Iran have reached a tentative deal to end the war, sending oil prices sharply lower and global stocks higher as the Strait of Hormuz is expected to reopen. Analysts caution that oil and gas supplies could take months to return to normal and energy prices may remain elevated. Vedanta's demerger saw its five newly listed entities debut with mixed results. SpaceX's IPO closed at $161, up 19% on a record-breaking debut.
Oil prices fell sharply after the US and Iran reached a tentative agreement to end the war. Multiple news outlets report that crude futures dropped on expectations that the Strait of Hormuz will reopen, easing supply disruptions. Analysts warn that oil markets may still face volatility even with the deal in place. President Trump has announced the deal will be formally signed on Friday.
US stock futures surged with the Dow set for a 500-point gain, and Asian markets leaped after President Trump confirmed the Strait of Hormuz will reopen following the US-Iran deal. European and Asian indexes rallied on the prospect of restored energy flows. However, the NYT reports that economic scars from the conflict will persist for Asia even after the reopening.
Vedanta's demerger took effect with five newly listed entities — Aluminium, Oil & Gas, Power, and Iron & Steel — making their market debut. Vedanta Aluminium shares dropped 5% after listing, while other entities showed wide swings from 66-84% declines to a 335% surge, reflecting the complexity of the demerger valuation process.
Despite the relief rally, energy experts caution that oil and gas supplies could take months to return to normal after the US-Iran deal. AP News reports that supply chains remain disrupted, and Nikkei Asia notes energy prices could stay elevated for months or even a year. CNBC characterizes the market response as a broad relief rally.
SpaceX made a historic market debut with its IPO, with shares closing at $161 — a 19% surge. Under the ticker SPCX, the offering was widely described as a record-breaking success. MarketWatch quoted analysts saying the IPO could not have gone much better, underscoring strong investor confidence in Elon Musk's space venture.