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Stocks rally on optimism over Iran war ceasefire, oil extends gains

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While equities extended gains, investors are concerned that Israel's continued strikes on sites in Lebanon could deal a blow to talks to end the Iran war

While equities extended gains, investors are concerned that Israel's continued strikes on sites in Lebanon could deal a blow to talks to end the Iran war

Stocks rose Friday with investors still optimistic about the shaky ceasefire in the US-Iran war ahead of planned weekend talks, though oil prices extended gains over worries Israel's continued attacks on Lebanon could shatter the peace process.

Washington and Tehran's announcement Tuesday of a two-week truce that would see the Strait of Hormuz reopened, having been closed since the start of the war, sparked a wave of euphoria across markets.

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Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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