Crude oil prices experienced a drastic drop, falling significantly below 100 dollars per barrel following the announcement of a two-week ceasefire between the US and Iran.

Brent crude futures fell approximately 16 percent, reaching around 92 dollars per barrel, while American WTI crude recorded a drop of about 19 percent. Before the conflict, in late February, the oil price was approximately 73 dollars per barrel.

Stock markets reacted enthusiastically. Dow Jones futures rose by more than 900 points (1.95%), the S&P 500 by 2.13%, and Nasdaq by 2.46%. Asian markets followed the trend - Japan\'s Nikkei 225 rose by 4.4%, and South Korea\'s Kospi by 5.6%.

The deal, proposed by Pakistan, envisages Iran enabling the full opening of the Strait of Hormuz, through which approximately one quarter of global maritime oil trade passes.

Analysts warn that significant uncertainty remains about whether shipping companies will trust the safe passage through the strait and whether the blockade will actually be lifted.