Asian stock markets surge as Washington and Tehran announce agreement to end hostilities and reopen Strait of Hormuz.
The US and Iran have announced an agreement to end hostilities, leading to a surge in Asian stock markets. This historic deal also includes the reopening of the crucial Strait of Hormuz. Consequently, global oil prices have seen a decline following the news of de-escalation.
Market Samachar is a news aggregator. This article was originally published by Al Jazeera English. Tap the button above to read the full story on their site.