Stocks Have Even More Room to Fly if Hormuz Reopens

Oil prices fell, bonds rallied and the Dow industrials closed at a record after President Trump announced a deal to end the war with Iran.

Bank of Japan Lifts Rates to 31-Year High

Japan's central bank lifted its policy rate to 1%, anchoring its policy path against the inflationary risks of a war-induced spike in energy costs.

Reserve Bank of Australia Holds Interest Rates