Stock markets soar, oil falls as US and Iran announce framework to end war - Al Jazeera

Global equity markets rallied while oil prices fell after the United States and Iran announced a framework aimed at ending the war, according to Al Jazeera. The moves reflect a classic geopolitical risk-on shift: investors rotated toward growth-sensitive assets as the perceived threat to regional stability eased, while crude gave back some of the risk premium tied to supply disruption concerns.

For markets, the headline matters less than the details still to come. A framework is an outline, not a finalized agreement, so questions remain about implementation, timelines and whether the de-escalation holds. Oil is particularly sensitive here, since prices had likely embedded a geopolitical premium; sustained declines would depend on confirmed, durable progress rather than an initial announcement.

What to watch: follow-up statements from both governments, any formal signing or verification steps, and how energy markets price supply risk once the initial reaction fades. Equity gains may also prove durable only if the easing reduces broader uncertainty rather than simply delaying it.