[MARKET UPDATE] Stocks surge, oil tumbles, Dollar hit and Treasuries gain as Iranian President Pezeskhian says Iran seeks no war but is prepared to end it with guarantees against further attacks

Iran's President Pezeskhian's statement about seeking no war, while emphasizing that Iran is ready to respond to attacks, appears to be easing geopolitical tensions. This calming rhetoric has likely fueled a risk-on sentiment in equity markets, while contributing to a sell-off in oil as concerns around supply disruptions diminish. The reaction in the Dollar and Treasuries suggests that markets are interpreting this news as a potential easing of inflationary pressures related to energy costs.