The US and Iran finalised a deal to end their 107-day war and open the Strait of Hormuz, the narrow waterway used to ferry one-fifth of the global oil supplies, on Friday after an in-person signing of the agreement in Switzerland

Indian equity markets surged amid US-Iran truce hopes, with BSE Sensex gaining 2.30% and Nifty rising 1.99%.

ISLAMABAD: The United States and Iran have reached an agreement to end the war and open the Strait of Hormuz, offering relief to the global economy more than three months since…

US and Iran agree on a deal to end war, halt military operations, reopen Strait of Hormuz and begin talks on Iran’s nuclear programme.

Trump warns Iran of renewed military action if nuclear talks fail, while saying a deal could keep the Strait of Hormuz permanently toll free.