US-Iran deal to reopen Strait of Hormuz sparks global stock rally

A tentative US-Iran deal to end the war and reopen the Strait of Hormuz has triggered a global stock rally. This agreement is expected to stabilize global oil markets, reduce military tensions, and lower inflationary pressures. Additionally, the reopening could significantly impact energy and shipping costs while improving conditions for stranded seafarers. These developments raise hopes for broader market stability and a reduction in geopolitical risks affecting international trade and maritime security across the region.