U.S.-Iran ceasefire sends Wall Street soaring with crude oil prices down 16%

Wall Street surged in Wednesday premarket trading as oil prices plunged 16% after the U.S. and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz.Futures for the S&P 500 jumped 2.7% before the opening bell and futures for the Dow Jones Industrial Average climbed 2.6%. Nasdaq futures soared 3.4%.Benchmark U.S. crude sank $18.43 to $94.52 a barrel, a nearly 16% decline. Brent crude, the international standard dropped $15.54 to $93.73 a barrel. Natural gas f...