(Bloomberg) -- US stocks rebounded and oil prices fell as some energy shipments began to transit the Strait of Hormuz, hours after President Donald Trump signed a preliminary deal to end the war in the Middle East.

“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…

Markets rally on expectations that the agreement will ease global energy supply concerns, though analysts warn gas prices may remain elevated for some time.