Global Markets Rally, Oil Plunges On Ceasefire Optimism
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 24 2025
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Source: Benzinga
U.S. Market Response: On June 23, U.S. markets rose as investors reacted positively to Iran's restrained response to American airstrikes, leading to a drop in oil prices and stable economic indicators, including a slight dip in the services PMI.
Global Market Trends: Asian and European markets also experienced gains, driven by optimism from a ceasefire announcement between Iran and Israel, while commodities like crude oil fell to two-week lows amid easing supply disruption fears.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
