U.S.-Iran agreement triggers 5% WTI drop to about $80, lifting stocks and spotlighting four potential winners

The U.S. and Iran said they reached an agreement to end a nearly four-month conflict, with the Strait of Hormuz expected to reopen. The news pushed WTI crude down about 5% to around $80 a barrel, its lowest level since March. With markets pricing in easing inflation pressure and lower odds of further Fed rate hikes, the Nasdaq rose 2.6% and the Dow gained 1.3%, while Amazon climbed more than 3%.