Asian stock markets surge as Washington and Tehran announce agreement to end hostiles and reopen Strait of Hormuz.

Shares have soared in Asia after a tentative deal was announced on ending the Iran war and reopening the Strait of Hormuz.

(Bloomberg) -- Stocks rallied, oil slumped and the dollar fell after the US and Iran said they had reached a deal to reopen the Strait of Hormuz.

US-Iran deal boosts Japan's Nikkei average near 70,000 threshold