Oil prices tumbled and stocks soared Monday after the United States and Iran said they had reached a deal to end their war that will reopen the Strait of Hormuz.

ECB President Christine Lagarde welcomed news of a U.S.-Iran ceasefire, stating it could help reopen the Strait of Hormuz, though fellow policymaker Joachim Nagel cautioned it would not immediately relieve high euro zone inflation.

ECB President Christine Lagarde welcomed news of a U.S.-Iran ceasefire, which could help reopen the Strait of Hormuz, while fellow policymaker Joachim Nagel cautioned it would bring no immediate relief to high euro zone inflation.

Economists suggest reduced crude oil prices, contingent on a US-Iran agreement, could decrease India's import bill and ease rupee pressure.

Economists suggest reduced crude oil prices could decrease India's import bill and ease rupee pressure, contingent on the agreement's details regarding energy supply and shipping operations.

Business chamber Assocham welcomed the peace deal between the USA and Iran as a major breakthrough that would benefit the entire world and bring the global economy back on the growth path.

Shares of crude-sensitive companies surged on Monday after global oil prices plunged following a framework agreement between the United States and Iran to end the months-long conflict in the Middle East.

European Central Bank President Christine Lagarde said on Monday that the ceasefire agreement reached with Iran was "good news", especially as it could lead to a re-opening of the Strait of Hormuz.

The Indian rupee surged nearly 3% from its record lows, trading at 94.45 per dollar, as crude oil prices slumped 5% due to a US-Iran peace agreement.

The United States and Iran have announced a preliminary agreement to end hostilities and reopen the Strait of Hormuz, easing the geopolitical risk premium that had built up in oil prices.

The US and Iran have finalized a deal to end their 107-day conflict and reopen the Strait of Hormuz, a development expected to boost India's exports to West Asia and stabilize the rupee.

The US and Iran have finalized a deal to end their 107-day conflict and reopen the Strait of Hormuz, with the agreement to be signed on June 19 in Switzerland.

Gold prices surged over 2% after the US and Iran reached a peace deal, easing inflation concerns and boosting investor confidence.

Gold prices surged over 2% on Monday after US and Iran officials announced an initial agreement to end their war, which also pushed oil prices lower and eased inflation concerns.

The US and Iran have reached an agreement to reopen the Strait of Hormuz toll-free and de-escalate hostilities, with a formal signing expected on June 19.

US President Trump announced a ceasefire agreement with Iran allowing "toll free" passage of ships through the Strait of Hormuz.

US President Trump announced a ceasefire agreement with Iran allowing "toll free" passage of ships through the Strait of Hormuz, easing oil supply concerns.

A ceasefire agreement between the United States and Iran and plans to reopen the Strait of Hormuz have eased external risks facing South Korea's economy, as international oil prices retreated after the announcement.

A ceasefire agreement between the United States and Iran and plans to reopen the Strait of Hormuz have eased external risks facing South Korea's economy, though oil prices could take time to stabilize.

A ceasefire agreement between the United States and Iran and plans to reopen the Strait of Hormuz have eased one of the biggest external risks facing South Korea's economy, but oil prices could take time to stabilise and return to pre-war levels.

A ceasefire agreement between the United States and Iran and plans to reopen the Strait of Hormuz have eased external risks facing South Korea's economy, as announced on Monday, June 15.

A ceasefire agreement between the United States and Iran and plans to reopen the Strait of Hormuz have eased one of the biggest external risks facing South Korea's economy.

Markets in Asia surged after the U.S. and Iran agreed on a tentative peace deal.

Australian share market rocketed to an eight-week high and oil prices plunged on news that the US and Iran have reached a peace deal.

The Australian share market has rocketed to an eight-week high and oil prices are plunging on news that the US and Iran have reached a peace deal.

US President Donald Trump said a deal to end the conflict with Iran was 'now complete', which would cease an economically damaging US naval blockade of Iranian ports and lead to Tehran reopening the Strait of Hormuz by Friday.

The over three-month-long war between the United States (US) and Iran is all set to end, with President Donald Trump announcing a finalised peace agreement.

The over three-month-long war between the United States (US) and Iran is all set to end, with President Donald Trump announcing a finalised peace agreement and Iran confirming a signing date of June 19.

The United States and Iran have reached a peace deal to end their over three-month-long war, with President Donald Trump announcing on Truth Social that the agreement has been finalized.

The United States and Iran have reached a peace agreement to end their over three-month-long war, with the deal expected to be signed on June 19.

The United States and Iran have reached an initial agreement to end the war and reopen the Strait of Hormuz, which could allow desperately needed oil and gas to reach the global market.

The United States and Iran reached an initial agreement early Monday to open the Strait of Hormuz and further extend a shaky ceasefire in the Iran war.

Gold rose 2% on Monday after U.S. and Iran officials said they had reached a preliminary deal to end their conflict.

Copper rallied and mining equities surged as traders weighed the prospect of a deal to end the Iran war.

The US and Iran have reached a deal to reopen the Strait of Hormuz, setting the stage for talks on Tehran’s nuclear program and halting a war.

The US and Iran announced a deal to reopen the Strait of Hormuz on Sunday.

The US and Iran have reached a deal to reopen the Strait of Hormuz, setting the stage for talks on Tehran’s nuclear program and halting a war that killed thousands of people and roiled the global economy.

Markets globally surged as a tentative US-Iran peace deal emerged, promising to ease inflation and reduce the need for interest rate hikes.

Markets globally surged and oil prices plummeted on Monday after a tentative US-Iran peace deal emerged, promising to ease inflation and reduce the need for interest rate hikes.

The United States and Iran have reached an agreement to end the war and open the Strait of Hormuz, which could bring relief to the global economy.

The United States and Iran have reached an agreement to end the war and open the Strait of Hormuz, which is expected to bring relief to the global economy.

The United States and Iran have reached an agreement to end the war and open the Strait of Hormuz.

The United States and Iran have reached an agreement to end the war and open the Strait of Hormuz, offering relief to the global economy.

Pakistan announced that the United States and Iran have reached an agreement to end the war and open the Strait of Hormuz.