Global stocks surge and oil slumps on US-Iran agreement
Trump said the US reached a deal with Iran to reopen the Strait of Hormuz, a possible end to a 15-week conflict that upended global oil markets.
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# Investing Summary Global equities rallied following Trump's announcement of a US-Iran agreement to reopen the Strait of Hormuz, ending a 15-week conflict that had disrupted international trade routes. Crude oil prices fell sharply on the news, as resolution of the geopolitical tension that had constrained supply relieved inflationary pressure on energy markets and reduced economic headwinds for stock investors.
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