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 caused Asian stock benchmarks to rise over 5%, oil prices to drop more than $4 per barrel, and U.S. President Donald Trump to confirm an end to the U.S. naval blockade of Iranian ports. Implementation of the deal is pending a signing in Switzerland, with broader negotiations on Iran's nuclear program expected to continue.