Global stock markets rallied after the US and Iran reached a tentative agreement to reopen the Strait of Hormuz and normalize crude oil shipments.The surge in the Nasdaq and Dow Jones Industrial Average was supported by a 5% drop in oil prices, which alleviated inflation concerns before the next Federal Reserve meeting.While
SpaceX shares jumped to a $2.1 trillion valuation and AI stocks surged,
Fox Corp announced a $22 billion acquisition deal to purchase
Roku.