Oil slides and stock futures rally as US-Iran fighting pauses
Oil prices fell more than 4% and US stock-index futures rallied on Sunday as the United States and Iran paused hostilities, according to reports. Brent had topped $100 a barrel during two weeks of escalation. Fortune noted Iran and Oman were in talks over Strait of Hormuz transit, as Wall Street awaited the Fed meeting and Big Tech earnings.
Why it matters
A durable truce would ease the energy-price and inflation risks that have unsettled markets during the conflict.
Sources
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Part of the July 27, 2026 brief.