Photo: Strait of Hormuz
Oil prices plunged after Trump announced he would suspend attacks for two weeks if Iran reopens the Strait of Hormuz, with U.S. crude oil sliding 16%, to around $94 per barrel, after having traded as high as $117 earlier on Tuesday .
S&P futures are also ripping higher by more than 2.6%. Nasdaq 100 futures are soaring 3.1 %, and Dow futures are up 1135 points.
