Stocks surged while oil prices experienced a significant drop following reports of a U.S. peace proposal aimed at resolving the ongoing conflict with Iran. Dow futures jumped by 400 points as optimism spread around a potential ceasefire, leading to lower oil prices amid positive market reactions. The proposed 15-point peace plan has sparked hope for de-escalation, pushing Brent crude prices below $95 a barrel. While fluctuating reports about the negotiations continue to impact market stability and oil prices, the prevailing sentiment leans towards cautious optimism regarding a peaceful resolution in the Middle East.