Overview
- President Donald Trump said he canceled planned strikes and that a US‑Iran outline could be finalized soon, a move that sharply reduced the immediate military premium in markets.
- The cancellation, which occurred Thursday, triggered a rapid fall in crude prices and sent major U.S. indexes higher with chip and AI‑related stocks leading the rebound.
- SpaceX’s record IPO — priced at $135 a share and reported to raise about $75 billion — added a separate boost to sentiment when the stock jumped roughly 19% on its debut.
- Analysts caution the diplomatic picture remains conditional because Iran’s security bodies, including the IRGC, and formal approval steps must still sign off on any memorandum of understanding.
- Lower energy costs could ease near‑term inflation and relieve pressure on interest‑rate expectations, but traders say Fed guidance and upcoming economic data will determine whether the rally holds.