Shares of banks and other financial institutions rose as reports of an imminent deal to reopen the Strait of Hormuz triggered euphoria on global markets.

Stocks Poised to Extend Gains Ahead of SpaceX's First Earnings

(Bloomberg) -- Hopes for a deal to revive the Strait of Hormuz lifted stocks toward all-time highs, bonds rose and oil sank, with Wall Street’s enthusiasm also fueled by a batch…

Asian stocks are set to track Wall Street higher as optimism grows. Prospects for an interim deal with Iran eased energy supply concerns significantly. This development has led to…