US and Iran Agree to a Conditional Ceasefire and Reopen the Strait of Hormuz as Global Markets Rally

Global stock markets like the Nikkei 225 surged after Donald Trump and Abbas Araghchi agreed to a ceasefire.The agreement between the US and Iran includes the immediate reopening of the Strait of Hormuz for shipping.While oil prices dropped below 100 dollars, drone attacks occurred as officials prepared for talks in Pakistan.
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