Stocks rallied and oil prices plunged after Trump announced a framework peace deal with Iran and plans to reopen the Strait of Hormuz.

Oil prices had already fallen quite dramatically on Thursday and Friday, in anticipation of an imminent deal. President Trump has posted online that the Strait of Hormuz will…

Trump said the US reached a deal with Iran on Sunday to reopen the Strait of Hormuz, a possible end to a 15-week conflict that upended global oil markets.

The US and Iran have agreed on an interim deal to end the war, removing a major overhang for markets and sending oil prices lower