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The Nexus
WORLDJun 15 · 01:00 UTCWDIV CLICKONDETROITAssociated Press

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 caused Asian stock markets to rise significantly while oil prices dropped over $3 per barrel. U.S. President Donald Trump confirmed the agreement, which includes ending the U.S. naval blockade of Iranian ports, with implementation set to begin after a signing in Switzerland. Broader negotiations on Iran’s nuclear program will continue for the next 60 days.

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