Stocks Hit Record on Hopes of US-Iran Peace Deal, but Doubts Lift Oil

arrows going up behind a hand holding hundred dollar bills — Global stocks rose to a record on April 16 as the prospect of a ceasefire between Israel and Lebanon boosted sentiment. (Adobe Stock/Modern Healthcare compilation)

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By

Isla Binnie and Chuck Mikolajczak, Reuters

April 16, 2026 05:59 PM CDT

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