Investors around the world breathed a sigh of relief at the prospect of peace — and an easing of the global energy crisis.

Oil prices decline following ceasefire involving U.S., Israel, and Iran, impacting global market shares. Gas prices remain stable amid the news.

Oil prices plunged below $100 a barrel and Asia markets and U.S. stock futures jumped after the U.S. and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz

Oil prices plunged below $95 per barrel, and stock markets surged worldwide Wednesday after President Donald Trump pulled back from his threat to force a “whole civilization” to die in the war with Iran.

Investors cheered the announcement of a two-week ceasefire, which President Trump said is contingent on the reopening of the Strait of Hormuz.

Plus, what it means for flights, holidays and passenger confidence as airlines proceed cautiously.

Oil prices plunged below $100 a barrel and Asia markets and U.S. stock futures jumped after the U.S. and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz

The president vowed anew to destroy Iranian bridges and energy sites if a deal to open the Strait of Hormuz isn’t reached.