Deal on ending the Iran war sends stocks soaring while oil prices fall

A deal to end the Iran war and reopen the Strait of Hormuz led to significant stock market gains in Asia and falling oil prices. U.S. President Donald Trump confirmed the agreement, which includes a U.S. naval blockade end, with implementation set to begin after a signing in Switzerland. Asian benchmarks like the Nikkei 225 and Kospi surged over 5%, while Brent crude oil prices dropped over $3 per barrel.