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.

(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.

U.S. Stock Market on Monday: Nasdaq, Dow Jones, S&P 500, Russell 2000 will have a big day as investors may finally get details about the reopening of Strait of Hormuz and the end…