Iran ceasefire, Delta earnings, the Navy's retail woes and more in Morning Squawk
Trump announces ceasefire with Iran, boosting market futures.
Stock futures soared more than 1,300 points this morning after President Trump announced a two-week ceasefire with Iran, contingent on Iran's agreement to open the Strait of Hormuz. This announcement led to a significant drop in oil prices, with Brent crude futures falling over 13%. In related news, Delta Air Lines reported strong earnings but is adjusting its growth plans due to surging fuel costs, causing its shares to rise by more than 12%.
Key Takeaways
- 1.
Oil prices fell sharply, with Brent crude down over 13%.
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Delta Air Lines shares rose 12% after reporting better-than-expected earnings.
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