U. S Stocks futures rose after the U.S. and Iran agreed a peace deal to re-open the Strait of Hormuz and lift American blockade on Tehran. S&P Futures were up 0.97 per cent, Dow futures rose 0.76 per cent, Nasdaq futures climbed 0.76 per cent, and Russell 2000 futures soared 1.75 per cent in the pre-market trading ahead of Monday's regular operational hours at the Wall Street.Oil prices fell on the news. Brent crude futures fell 4 per cent in early trading on Monday, while U.S. West Texas Intermediate slid more than 4.6 per cent.On Friday, S&P 500 rose 37.16 points, or 0.5 per cent, to 7,431.46. Dow Jones Industrial Average rose 353.51 points, or 0.7 per cent, to 51,202.26. Nasdaq composite rose 79.18 points, or 0.3 per cent, to 25,888.84. Russell 2000 index of smaller companies rose 22.96 points, or 0.8 per cent to 2,943.99.For the week, S&P 500 is up 47.72 points, or 0.6 per cent. Dow is up 335.48 points, or 0.7 per cent. Nasdaq is up 179.41 points, or 0.7 per cent. Russell 2000 is up 110.49 points, or 3.9 per cent.For the year, S&P 500 is up 585.96 points, or 8.6 per cent. Dow is up 3,138.97 points, or 6.5 per cent. Nasdaq is up 2,646.85 points, or 11.4 per cent. Russell 2000 is up 462.09 points, or 18.6 per cent.U.S. and Iranian officials said on Sunday they had agreed on a framework to end their war, halt the U.S. blockade of Iran and reopen the Strait of Hormuz, a preliminary pact that sent oil prices falling but leaves the fate of Iran's nuclear program to further negotiations. The memorandum of understanding is scheduled to be officially signed on Friday in Switzerland.Trump said the Strait of Hormuz, a major shipping route for global ​oil and gas supplies that Iran has effectively shut down for months, would open on Friday, and that he had ordered the end of the U.S. blockade of Iranian ports.