Dow Jones vaults over 1,300 pts as Strait of Hormuz reopening eases market fears
US stock markets opened sharply higher after President Donald Trump signalled a temporary de-escalation in the US-Iran conflict, proposing a two-week ceasefire and easing fears of a prolonged disruption in global energy supplies. The Dow Jones Industrial Average opened over 1,380 points higher, or about 2.7%, while the S&P 500 and Nasdaq Composite gained around…
