Oil prices drop over 4% after US-Iran peace deal, while Japan’s Nikkei and South Korea's Kospi indices surge.

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

June 15 : Stocks and bonds rallied and the dollar fell in Asia trade on Monday after the U.S. and Iran agreed a peace deal to re-open the Strait of Hormuz and lift a U.S. blockade…

Oil prices tumble as benchmarks in Tokyo and Seoul gain over 5% amid easing geopolitical tensions