Stocks Rally, Gas Prices Fall as U.S., Iran Move Ahead on Peace Deal

Nasdaq gains nearly 2% in a reversal from Wednesday's decline.

Oil Prices Settle Near Prewar Prices, Gas Falls Below $4 After Iran Deal Is Signed

Brent crude and WTI were dropping after the signing of the U.S.-Iran peace deal, with markets focusing on the prospect for a swift reopening of the Strait of Hormuz.

BOE Leaves Rates Unchanged, Signals Caution on Hormuz Opening