Oil Markets Plunge on Truce

Energy markets experienced a historic correction as crude oil prices dropped by nearly 16.5 percent immediately following the ceasefire news.

The potential resumption of shipping through the Strait of Hormuz, which handles 20% of the world's oil supply, has eased fears of a global energy catastrophe.

Analysts note that while the immediate price shock has subsided, long-term stability remains dependent on the success of upcoming diplomatic talks in Islamabad.

Traditional safe havens like gold also saw shifts as risk appetite returned to the broader market.