US Futures Climb, Oil Falls on Iran Peace Deal: Markets Wrap (opens original article in a new tab)

US equity futures rose, oil prices dropped, and the dollar fell following reports of a US-Iran peace deal that would reopen the Strait of Hormuz.

• US equity futures climbed after reports of a US-Iran peace deal
• Oil prices fell as the Strait of Hormuz was expected to reopen
• Pakistani mediators announced the agreement to end military operations