The US and Iran signed the Islamabad Agreement, reopening the Strait of Hormuz and beginning 60-day nuclear talks. Here's what it means for markets.

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…

It reopens Hormuz and starts a 60-day clock for nuclear talks.

Strait of Hormuz expected to reopen and US blockade to be lifted