US-Iran Tensions Ease; S&P 500 Rises 1%, WTI Crude Falls 5.5% on May 20

US500200.23%
CL-4.47%
As US-Iran tensions de-escalated on May 20, equity markets rallied while commodity prices retreated sharply. The S&P 500 index climbed over 1%, while WTI crude oil plummeted 5.5%. US Treasury yields also declined amid the improved geopolitical outlook. Trump and Iran officials indicated negotiations were advancing, with talks expected to resume after the Islamic pilgrimage season.
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