<h1>Global markets rally as Middle Eastern ceasefire announced despite ongoing uncertainty over truce durability</h1> Global markets rallied following the US President's announcement of an apparent ceasefire between two Middle Eastern nations, though the truce remained uncertain after one party reported missile launches shortly after implementation. Stock futures gained significantly, with European markets posting strong advances. Oil prices fell sharply, erasing previous gains and removing risk premiums as blockade fears subsided. Asian markets also rose broadly. The ceasefire announcement came after recent military escalations including attacks on nuclear facilities and retaliatory strikes. Investors remained cautious about the durability of the peace agreement while monitoring potential impacts on inflation and monetary policy decisions.