Markets betting a deal will reopen the Strait of Hormuz and soothe the deep global economic uncertainty.

Asian stocks climbed and crude oil fell after US officials signaled that a deal with Iran to reopen the Strait of Hormuz and restore oil flows may be near. The doll…

US stock futures rose as hopes for an Iran war deal boosted risk appetite, though oil prices and the dollar slipped. While President Trump indicated progress on a peace deal to…