Oil drops over 7% as Trump’s announces Iran-Isreal ceasefire, stocks climb across Asia, investors shift back into equities

Asian shares experienced a surge following the announcement of a ceasefire between Iran and Israel, which eased investor concerns about potential energy supply disruptions. Oil prices declined as the perceived risk of conflict de-escalated, with both Brent and WTI crude futures dropping. The positive market sentiment was further bolstered by indications of a potential rate cut by the Federal Reserve.