Oil Drops 12% as Stock Futures Rise 1.5% Amid Proposed Iran Ceasefire

President Donald Trump announced a “double sided ceasefire” in the conflict with Iran on Tuesday evening. He said the pause came at Pakistan’s request, which had acted as an intermediary in recent talks.

Trump added the ceasefire depended on Iran agreeing to the “COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz.” Markets reacted within minutes to the statement.

Market moves and stock futures

U.S. stock futures jumped sharply after the announcement. S&P 500 futures rose more than 2% and Nasdaq 100 futures climbed about 2.6%.

Dow futures spiked roughly 1,000 points. Futures linked to the Russell 2000 advanced about 2.8%.

Oil and other commodities

U.S. crude oil fell steeply, sliding more than 15% to about $95 per barrel. Earlier in the day, it had traded as high as $117 per barrel.

Even after the drop, U.S. crude remains up over 70% since the start of the year. Other energy contracts, including natural gas, wholesale RBOB gasoline, and heating oil, also moved lower.

Precious metals and bonds

Safe-haven metal prices rose on the news. Spot gold climbed roughly 2.5% and silver jumped about 4.6%.

U.S. Treasury yields fell, signaling reduced near-term risk premiums among traders.

Shipping, supply and global openings

Marine traffic through the Strait of Hormuz had been effectively halted since early March. Tankers had hesitated to transit a narrow waterway near the Iranian coast.

Ships in the area were threatened and, in some cases, struck by drones and projectiles. The strait normally carries more than 20% of global oil shipments.

Asian and European markets were set to open higher. Futures for Japan’s Nikkei pointed to a near 3% rise at the opening bell.

Context and keywords

The proposed Iran ceasefire produced sharp swings across markets. Headlines emphasized oil drops and stock futures rise as investors parsed the ceasefire’s details.

Filmogaz.com reporters will monitor follow-up developments and market responses. More updates will follow as new confirmations arrive.