Tentative deal on ending the Iran war sends stocks soaring while oil prices fall

Key Points:

• Global stock markets surged following a tentative deal to end the Iran war and reopen the Strait of Hormuz, with the S&P 500 futures up 1.2% and the Dow Jones futures rising 1%, indicating likely gains for Wall Street.
• Oil prices dropped significantly, with Brent crude falling $4.08 to $83.25 per barrel and U.S. crude losing $4.51 to $80.37 per barrel, as investors anticipated a reduction in supply disruptions once the deal is implemented.
• Asian markets saw strong rallies, led by technology and AI-related stocks, with Tokyo’s Nikkei 225 gaining 5%, Seoul’s Kospi up 5.2%, and other major indices in Hong Kong, Shanghai, Australia, Taiwan, and India also advancing.
• The U.S. stock market showed resilience with gains on Friday, boosted by SpaceX's successful Wall Street debut and ongoing investor enthusiasm for AI, while upcoming interest rate decisions from major central banks are expected to influence markets this week.
• The Iran deal awaits formal signing expected on Friday in Switzerland, and broader negotiations on nuclear issues will continue over the next 60 days, with experts cautioning that oil market stability depends on the pact’s long-term compliance.