Israel-Iran Ceasefire Holds; Markets Rally
A fragile ceasefire between Israel and Iran, brokered with assistance from Qatar and the U.S., is currently holding.
Market Response
Global markets responded positively, with U.S. stocks surging amid hopes that the truce will be sustained. Oil prices declined for the second consecutive day, reflecting diminished concerns about potential supply disruptions.
Federal Reserve Stance
Federal Reserve Chair Jerome Powell indicated the Fed is in a good position to wait before adjusting interest rates.
NATO Commitment
NATO Secretary-General Mark Rutte affirmed the U.S.'s strong commitment to the alliance.
Strait of Hormuz Security Concerns
However, security concerns persist in the Strait of Hormuz due to GPS jamming.
