Global Stocks Soar on Iran Conflict Hopes, Oil Prices Dip

Stocks have rallied worldwide as oil prices ease on hopes for a possible end to the Iran war. This is happening even though some of the signals investors saw as hopeful on Wednesday are already under dispute.

The S&P 500 rose 0.7% and added to its leap from the previous session, when it jumped 0.8%. Markets across Asia and Europe also climbed higher as tensions appear to be deescalating between the U.S. and Iran.

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