Dave Anthony

Stocks are surging.

Oil is plunging.

I'm Dave Anthony, Fox News.

A big financial reaction to the ceasefire with Iran.

The Dow is up 1,300 points as oil drops 20 bucks a barrel.

War Secretary Pete Hegseth, after that agreement, halted U.S.

attacks on Iran for two weeks.

And the war secretary says President Trump chose mercy, agreeing just before a deadline last night that would have bombed all of Iran's power plants and bridges.

Instead, he put the deal together, posting on Truth Social, it's a big day for world peace.

Fox's Peter Doocy at the White House.

But Iran insists the president accepted their conditions, and there have been celebrations in the streets, people burning American flags.

Iran insists it still controls the Strait of Hormuz shipping and apparently is not abiding by the ceasefire completely.

Fox's Trey Inkst also reports from Tel Aviv.

Iran is not attacked anymore by Israel, but Lebanon is.

America's listening to Fox News.

Again on Wall Street, a massive stock market surge after that ceasefire with Iran.

It is with the Dow now at 1,301 points.

The Nasdaq rising 624, the S&P 500 adding 155.

As for oil, WTI is down about $20 a barrel back to 92.

Brent crude also dropping big around 91 bucks.