Stocks Rise as Oil Slips Below $100 After Trump Extends Iran Ceasefire
North American markets opened higher this morning after President Trump extended the U.S.–Iran ceasefire, easing immediate geopolitical tensions and giving investors a reason to rotate back into risk assets. Oil prices slipped below the key $100 threshold for the first time in several sessions, reflecting reduced fears of supply disruptions through the Strait of Hormuz. Brent and WTI both moved lower in early trading as traders unwound some of the geopolitical risk premium that had built up over the past week. Equities responded positively, with major U.S. and Canadian indexes posting early gains. Tech, financials, and consumer stocks led the advance, while energy names lagged due to the pullback in crude. For Canadian investors, the dynamic is mixed: lower oil prices weigh on the TSX’s resource-heavy sectors, but a calmer geopolitical backdrop supports broader market sentiment and reduces inflationary pressure tied to energy costs.
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