Brent crude drops as much as 1.6 percent, while key stock indices in Japan, South Korea and Taiwan climb.

Oil prices drop nearly 5% as the US and Iran agree to a ceasefire framework, reopening the Strait of Hormuz. Bitcoin rallies to a two-week high above

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.