U.S. stock market soared over 2% at the open, with market capitalization increasing by over $900 billion, following President Trump's announcement to postpone strike plans against Iran. Trump stated that the delay in action was based on "very good and productive" talks, which eased previous concerns that weighed on markets and drove up oil prices, thereby reducing the risk of escalation. As a result, WTI crude oil prices fell over 9% to around $88 per barrel; Brent crude oil prices fell over 10% to around $100 per barrel, alleviating short-term inflation concerns. This rally marks a sharp reversal of recent weakness, with major stock indices rebounding from weeks of declines.