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Iran War Deal Sparks Global Market Surge
Description
A tentative deal to end the Iran conflict and reopen the Strait of Hormuz sent global markets soaring—Tokyo and Seoul stocks jumped over 5%, Wall Street futures rallied, and oil prices fell sharply. President Trump endorsed the agreement, lifting the U.S. naval blockade, while Iran confirmed the deal pending a Friday signing in Switzerland. Though relief is palpable after months of turmoil, experts warn oil prices won’t stabilize overnight, and insurers will demand proof of compliance before fully resuming trade. Asian tech stocks, especially AI-related, led gains, offering a much-needed boost to a strained global economy.
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