Share prices soared Monday in Asia after a deal was announced on ending the Iran war and reopening the Strait of Hormuz. Oil prices fell more than $3 a barrel. U.S. President Donald Trump confirmed the initial agreement and authorized an end to the U.S. naval blockade of Iranian ports.
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June 15 (Reuters) - Stocks and bonds rallied and the dollar fell in Asia trade on Monday after the U.S. and Iran agreed a peace deal to re-open the Strait of Hormuz and lift a U.S. blockade on Iran.
“Deal with the Islamic Republic of Iran is now complete. Congratulations to all!"
The official signing ceremony is set for Friday, even though President Donald Trump had held out hope for a signing today, his birthday.
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