Global crude oil prices have fallen significantly from wartime highs, but market expert Vandana Hari cautions against declaring victory. She anticipates a holding pattern until a formal memorandum of understanding is signed, with a gradual reopening of key energy routes expected to take months. Hari also believes demand destruction was temporary and expects it to return as prices stabilize.
US stocks: US market rallies, Dow ends with record on US-Iran deal, oil price slide
Wall Street indexes surged Monday, with the Dow hitting a record high following a preliminary US-Iran agreement that eased inflation fears and sent oil prices