Per Woofun AI, the announcement of a U.S.-Iran ceasefire agreement triggered a sharp decline in crude oil prices as market participants anticipated the reopening of the Strait of Hormuz and increased Iranian supply. CRUDEOIL retreated 5.2% over 24 hours to approximately $76.02, while USOON followed with a 3.8% drop to $115.15.

Concurrently, precious metals gained ground, with gold (XAU) rising 1.6% to $4327.52 and silver (XAG) climbing 1.2% to $70.32.

This price action reflects capital rotation from the energy sector toward risk assets, driven by alleviated inflationary pressures and reduced geopolitical tension.

However, execution risks persist regarding the ceasefire terms. Market participants must monitor the pace of crude production recovery and subsequent diplomatic developments to gauge further volatility.