U.S.-Iran Peace Prospects Drive S&P and Nasdaq to Record Highs; Brent Oil Plummets to $106

S&P500 closed at 7,365.12, up 1.46%, and Nasdaq at 25,838.94, up 2.02%, both marking record highs. Dow rose 612 points (1.24%) to 49,910.59. Brent crude fell $10.03 from the previous day to $106.52, while WTI dropped 8-10% to around $93. The U.S. Navy's Strait of Hormuz escort operation, 'Operation Freedom,' was temporarily suspended, rapidly unwinding geopolitical risk premiums.