In a significant shift for global markets, stock futures jumped and oil prices fell after U.S. President Trump announced a peace deal with Iran aimed at ending the ongoing conflict. Following this announcement, Asian markets experienced a rally, with shares soaring and oil futures hitting near two-month lows. Brent crude fell significantly, while U.S. stocks marked their best day in two months, buoyed by optimism around the deal. The announcement of the cancellation of planned U.S. strikes against Iran seems to have further crystallized expectations of a return to stability, impacting market sentiment positively. As the situation continues to unfold, analysts are closely watching the potential implications for both energy prices and the broader stock market.