Asian shares shrug off US retreat after initial signing of US-Iran deal on ending the war (opens original article in a new tab)

Asian shares rose after U.S.-Iran deal to end hostilities, while U.S. markets fell on Fed rate speculation. Oil prices dropped as Iran prepares to reopen Strait of Hormuz. Japan's Nikkei 225 hit record highs.

• Asian shares surged after U.S.-Iran deal signed to end war
• U.S. markets retreated on Fed rate hike speculation
• Oil prices fell as Iran prepares to reopen Strait of Hormuz
• Japan's Nikkei 225 hit record high with 1.9% gain