A tentative deal to end the Iran war sparked a massive stock market rally and sent oil prices to multi-month lows. - The Dow Jones surged over 800 points as investors cheered reduced geopolitical risk.
- Crude oil fell below $40 per barrel on expectations of eased sanctions and increased supply. - The agreement includes a phased foreign troop withdrawal and a halt to Iran's nuclear program in exchange for sanctions relief.
- Analysts caution the deal is fragile and still requires ratification by all parties. The White House called the deal a historic step toward peace but acknowledged that significant work remains before it can be fully implemented.