Categories: Business

US-Iran peace deal lifts markets: Asian stocks soar, dollar slides to June 5 low, oil tumbles & gold jumps 2%

Global markets surged as the US and Iran announced a framework agreement to end their conflict, leading to hopes of lower energy prices and easing inflation. The Strait of Hormuz reopened, causing oil prices to tumble and boosting investor appetite for riskier assets. Asian equities rallied significantly, while the US dollar weakened against major currencies.

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