Dow soars more than 1,300 points, oil prices tumble below $100 per barrel after Iran ceasefire

TL;DR

Dow Jones Industrial Average surged 1,342 points (2.9%), S&P 500 jumped 2.6%, and Nasdaq Composite rose 3.3%.
Oil prices plunged, with WTI falling 18% to $92.62 and Brent crude down 16.6% to $91.13 a barrel.
A temporary ceasefire in the Iran war eased fears of a prolonged energy shock.
Early signs of vessel movement through the Strait of Hormuz were reported following the ceasefire announcement.
The ceasefire is set to extend for only two weeks, raising questions about the sustainability of shipping activity.

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