The peace deal between the United States and Iran, reopening the Strait of Hormuz, sends oil prices tumbling and propels the Ibex 35 to a fresh record above 19,000 points, driving strong gains across European stock markets.

Sensex today: The upbeat opening came after Trump announced that US and Iran had finalised an agreement to end the conflict and reopen the Strait of Hormuz. | Business News

Indian markets surged on Monday, with Sensex climbing over 1,100 points and Nifty approaching 24,000, driven by a US-Iran peace deal that also lowered global oil prices.

Major Wall Street indexes surged at the open on Monday following a preliminary agreement between Washington and Tehran to resolve the Middle East conflict and reopen the Strait of…