Stock markets soar, oil falls as US, Iran confirm deal to end war
US President Donald Trump and Iran's Supreme National Security Council confirmed a deal to end hostilities and reopen the Strait of Hormuz, leading to a surge in Asian stock markets and a fall in oil prices. The agreement, brokered with Pakistani assistance, includes a cessation of hostilities, suspension of sanctions on Iranian oil, and the release of frozen assets, though full restoration of global energy flows is expected to take months.
