Hong Kong, March 25, 2026 (AFP) - Crude tumbles, stocks rally on hopes for Iran war de-escalation

NAMPA / AFP

2026-03-25

Oil prices tumbled and stocks rose Wednesday after reports that Washington sent a peace plan to Iran, while Tehran announced it will let "non-hostile" oil vessels through the crucial Strait of Hormuz. After nearly four weeks of conflict, investors jumped on the first signs that hostilities could wind down, though analysts pointed out that the arrival of more US troops in the Middle East suggested the chance of escalation remained. The economic im......

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