Trump credits US-Iran peace deal for stock rally as S&P 500 tops 7,400 and oil slides

Donald Trump said a US-Iran peace agreement helped drive a sharp rise in U.S. stocks, with the S&P 500 pushing above 7,400. Over the same period, WTI crude fell 28.24% over the past month to $74.76 a barrel, while Brent slid more than 30% to $77.70. The report links the oil selloff to easing geopolitical risks and says lower energy prices could ease inflation pressure, reducing the need for aggressive Fed tightening. It also describes the S&P 500, WTI and Brent as direct beneficiaries of the shift, according to Trading Economics data.