Trump Announces US-Iran Deal Framework — Global Markets Rally, Oil Falls

President Trump announced a framework agreement with Iran to end the war, ahead of the formal MOU signing. Asian markets rallied sharply on the relief: the Nikkei jumped roughly 5.5% and the Kospi rose roughly 5.7%, with US equity futures also rising. Oil prices fell on the news as traders priced in a reopening of the Strait of Hormuz and an end to the sustained supply disruption that had kept Brent crude elevated since the war began.