The United States and Iran have confirmed an agreement to end hostilities, according to Al Jazeera. The deal includes reopening the Strait of Hormuz, a critical global shipping lane. Asian stock markets surged on the news as investors responded to reduced regional tension. Oil prices fell sharply—with supply concerns easing, traders no longer need to price in a disruption premium. The Strait has historically been a flashpoint for market volatility; its reopening marks a significant shift in Middle Eastern geopolitics and could ease global energy prices going forward.

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