In a dramatic turn of events, oil prices have plummeted below $100 following the announcement of a two-week ceasefire agreement between the U.S. and Iran. This development has led to a surge in global stock markets, with U.S. futures jumping significantly. The Dow futures soared over 1,300 points as traders reacted positively to the news, reflecting a relief rally. While the situation remains fragile, with significant hurdles still to overcome, the initial reactions suggest a cautious optimism among investors. Dubai stocks experienced their most substantial gains in a decade, driven by the ceasefire relief. However, experts caution that while this temporary truce offers a moment to breathe, the road ahead for lasting peace remains uncertain and complex.