---
title: "Oil tumbles, stocks gain on US-Iran deal hopes"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288062986.md"
description: "Global stocks reached a record high while oil prices fell nearly 2% amid hopes for a U.S.-Iran ceasefire deal. The MSCI world stocks index rose 0.4%, driven by chipmakers following positive forecasts from Dell. Despite the optimism, analysts caution that inflation pressures from high fuel prices may persist. Euro zone inflation remains above the ECB's target, and Japan's core inflation is below 2%, though factory activity shows resilience. The New Zealand dollar gained 2% after a hawkish outlook from its central bank."
datetime: "2026-05-29T11:51:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288062986.md)
  - [en](https://longbridge.com/en/news/288062986.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288062986.md)
---

# Oil tumbles, stocks gain on US-Iran deal hopes

By Iain Withers and Tom Westbrook LONDON/SINGAPORE, May 29 (Reuters) - World stocks edged higher on Friday while oil prices slid and headed for a weekly drop as traders awaited clarity on efforts to reopen the Strait of Hormuz and extend a U.S.-Iran ceasefire. Sources told Reuters the United States and Iran had agreed to extend their ceasefire and lift shipping restrictions, though U.S.

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