Iran Ceasefire Sparks Futures Surge, Oil Dip

U.S. stock futures jumped 2‑3% after the U.S.–Iran ceasefire, with Dow up 1,076 points, S&P 500 up 168, Nasdaq up 799.
Brent crude fell over 13% to $94.85/bbl and WTI slid 14.8% to $96.23/bbl as Iran agreed safe passage through the Strait of Hormuz.
Spot gold rose 2.4% to $4,818.63/oz while the dollar weakened more than 1%; gold futures gained 3.4% to $4,843.57/oz.
Shell cut its Q1 gas production outlook, expects a $10‑15 bn working‑capital gap, and its shares fell over 6%.