Wall Street is pushing to more records as companies keep piling up profits while a tentative deal to extend the ceasefire in the war with Iran by 60 days also helped lift the market and rein in oil prices.

Global stocks rose to record highs as crude oil fell after officials signalled the US was nearing a deal with Iran to reopen the Strait of Hormuz and restore oil flows.

Global stocks rose to record highs as crude oil fell after officials signalled the US was nearing a deal with Iran to reopen the Strait of Hormuz and restore oil flows.