Key Points
The United States and Iran signed their peace deal, with an official ceremony in Switzerland today, clearing the way to reopen the Strait of Hormuz.
Oil tumbled in response: Brent crude fell below $79 a barrel, its lowest since February and down roughly 38% from April’s war-driven peak.
Brazil’s Ibovespa steadied near 168,000, holding the long-term floor it has leaned on for weeks after a bruising stretch.
The real stayed under pressure, with the dollar near 5.16, still feeling the chill from this week’s hawkish US Federal Reserve.
