Asian shares surge, oil prices slump on US-Iran peace deal
Asian shares gained while oil prices declined after the US and Iran stated they had reached a deal to open the Strait of Hormuz. A gauge of Asian stocks increased 2.1% during open, while S&P 500 futures increased 1%. While South Korea’s Kospi index was up nearly 6%, Japan’s Nikkei 225 increased around 5%. The…
