Market Reaction - US stocks experienced a significant surge, with the Dow Jones Industrial Average rising 1.6% (approximately 700 points), while the S&P 500 and Nasdaq Composite increased by around 1.3% and 1.4% respectively [1] Political Developments - President Trump announced the postponement of military strikes on Iran's energy infrastructure, attributing this decision to "very good and productive" talks between the US and Tehran, which are set to continue throughout the week [2] Geopolitical Tensions - The market's positive response came after a weekend marked by escalating tensions, where Trump issued an ultimatum to Iran regarding the closure of the Strait of Hormuz, threatening military action if the situation did not improve within 48 hours [3] Oil Market Impact - Following Trump's announcement, oil prices fell sharply, with West Texas Intermediate crude futures dropping 8% to around $89 per barrel, and Brent crude prices retreating to approximately $101 after reaching over $113 earlier in the day [4]