Oil price falls back and Wall Street rallies after Iran announces ‘end of military operations’ against Israel – as it happened

Automatically composed with AI from the cited sources

Brent crude fell back to $94.58 a barrel, up only 1.75% on the day after touching $98 intraday, following the Iranian military joint command’s announcement that it was halting offensive operations against Israel. The S&P 500 rallied 0.95% in early trading after Friday’s 2.64% drop. The price sits $3 below the $97.58 reached on 1 June when Iran halted message exchanges with the US.