US stocks approach their all-time high as oil prices tumble

Israel-Iran ceasefire could ease concerns on crude, opening door to Fed rate cut

20250624N wall street trader AP

U.S. stocks opened higher on June 24, the day after President Donald Trump announced a ceasefire between Israel and Iran. © AP

NEW YORK (AP) -- U.S. stocks rose toward their all-time high on Tuesday after oil prices eased further on hopes that Israel's war with Iran will not damage the global flow of crude.

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