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

A tentative deal to end the Iran war and reopen the Strait of Hormuz boosted Asian stocks, with benchmarks in Tokyo and Seoul rising over 5%, while oil prices fell more than $4 per barrel. U.S. President Donald Trump confirmed the agreement, authorizing an end to the U.S. naval blockade of Iranian ports, though implementation is pending a signing in Switzerland.