Markets Surge on Trump-Iran Deal

0:00Markets are popping off today after President Trump and Iran's foreign minister announced the Strait of Hormuz is wide open with no issues. Stocks in Canada and the U.S. jumped big in early trading, while oil prices tanked more than 10 percent. That June crude contract dropped $10.33 to $80.84 per barrel. Over in New York, the Dow soared 642 points to 49,221. The S&P 500 climbed 51 points to $7,092, and NASDAQ gained 248 to $24,300. 151. Meanwhile, Canada's S&P ITSX composite rose 161 points to 34,213. Traders are breathing easier with this news, easing fears of supply disruptions in that key shipping lane. The move signals some de-escalation intentions, boosting investor confidence across the board, and shifting focus back to economic recovery plays. The Canadian Dollar's Strength in 2, trading at 73 cents U.S., arging U.S. compared

1:05to 72 cents 94, yesterday. Gold futures also climbed, up $91.50 to $4,899.80 per ounce as folks hedge. Against any lingering uncertainty, early signs point to sustain momentum if these statements hold, keeping eyes on oil flows and global trade routes for the next moves. That's the story for today, Calgary News, today driven by AI.