May 25, 2026 10:05 AM
Global stocks rise sharply, oil and dollar slip on Middle East peace hopes
Stocks surged on Monday while the U.S. dollar and oil prices slid as the prospect of a deal to end the Iran war buoyed risk appetite although a lack of clarity over when the Strait of Hormuz would open kept enthusiasm in check. The nearly three-month-long conflict in the Middle East has driven energy prices sharply higher and reshaped the global rates outlook, as inflation concerns intensify following Tehran's effective shutdown of the key strait through which a significant share of the w...