U.S. State Department: U.S. Secretary of State Marco Rubio met with NATO Secretary General Rutte today to discuss Iran’s actions and strengthening coordination with NATO allies.

The U.S. Transportation Secretary stated that there is still room for mergers and acquisitions in the U.S. aviation industry.

- U.S. stock futures jumped Wednesday after President Donald Trump said he was suspending Iran attacks for two weeks just ahead of his 8 p.m. ET deadline - West Texas Intermediate crude futures tumbled more than 16% to $94.41 a barrel following Trump’s declaration. International benchmark Brent for June delivery lost more than 14% to $93.67 per barrel. - Trump noted that the “double sided” ceasefire was contingent on Iran agreeing to an opening of the Strait of Hormuz. - Stock futures added to their gains after Trump posted Wednesday morning that the U.S. will be working with Iran to remove nuclear material from the country and that the two nations are discussing tariff and sanctions relief for Iran. - Stocks that have been under pressure this year rallied in premarket trading, with the megacaps Nvidia and Amazon jumping more than 3% and 4%, respectively. Tesla shares advanced more than 4%. Shares of JPMorgan and Boeing climbed more than 2% and 3%, respectively. - A slew of companies traded lower as oil prices sunk below $100 per barrel after the United States and Iran agreed to a two-week ceasefire that included the temporary reopening of the Strait of Hormuz. APA shed more than 9%. Occidental Petroleum and Diamondback Energy fell about 7%. Exxon Mobil declined more than 5.5%, while Chevron was off nearly 4.5%. - Vice President JD Vance said Wednesday the Iran accord may not be as strong as it seems - Crypto names were among the biggest gainers in early morning trading following the news of the U.S.-Iran ceasefire. - Bitcoin jumped 4% to over $71,000, while ether rallied nearly 7% to about $2,200, according to Coin Metrics. - European markets surged on Wednesday after the U.S. and Iran reached a conditional ceasefire agreement. - Asia markets surged Wednesday after investor sentiment improved when President Donald Trump said he was suspending attacks on Iran for two weeks.