Global markets are breathing easier as Iran declares the Strait of Hormuz fully open, a crucial oil route, amid a potential U.S.-Iran deal. This development, coupled with a Lebanon-Israel ceasefire, has sent oil prices plummeting. While experts see a temporary reprieve, concerns linger over Iran’s nuclear program and sanctions, suggesting oil prices may remain elevated.
Nasdaq rises 1%, Dow, S&P close higher as weak jobs data tempers rate hike bets
U.S. stocks finished higher following a weaker-than-expected jobs report which eased rate hike expectations. Nonfarm payrolls rose by only 29,000, significantly below economists’ forecasts of
October 2, 2026