Stock markets soar, oil falls as US, Iran confirm deal to end war (opens original article in a new tab)

Stock markets in Asia-Pacific surge while oil prices fall after US and Iran confirm a deal to end hostiles and reopen the Strait of Hormuz.

• US and Iran confirm deal to end hostiles and reopen Strait of Hormuz
• Asian stock markets surge with Japan's Nikkei 225 up over 5% and South Korea's Kospi up 5.7%
• Brent crude oil falls over 4% as markets react to the agreement
• US President Trump announces ceasefire deal and authorizes reopening of Strait of Hormuz