“Risk appetite is back on, but the issue is to know whether the Strait fully reopens. Trump doesn’t have a great track record of lasting deals in the Middle East, so there’s a risk of tensions spiking back during the summer.”

“Deal with the Islamic Republic of Iran is now complete. Congratulations to all!"

(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.

Asian shares climb with Japan’s Nikkei nearing record close