Oil prices plunge 15% to below $100, stocks surge and dollar slumps after Trump announces US-Iran ceasefire – business live

Investors relieved by news of two-week ceasefire and temporary reopening of strait of HormuzGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.Oil prices plunged more than 15% below $100 a barrel, Asian stocks surged and the dollar slumped after the US and Iran agreed a two-week conditional ceasefire on Tuesday evening, including a temporary reopening of the strait of Hormuz.Markets were positioned for a much worse outcome, so the relief ra...