(Bloomberg) -- Stocks climbed around the world, joining gains in bonds as oil slumped after the US and Iran agreed to reopen the Strait of Hormuz, fueling hopes for an end to the conflict that has roiled markets.

(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.

Stock markets rallied worldwide, and oil prices eased after the United States and Iran reached a tentative deal to get the global flow of crude going again