Global markets trade higher, with stocks reaching record levels as expectations grow for a potential US-Iran agreement. Reports say crude oil prices fall after officials indicate the United States is nearing a deal that could lead to the reopening of the Strait of Hormuz. Markets are pricing in a prospect of restored oil flows through the strategic waterway, which has previously been a key concern for global energy supply. The combination of rising equities and weakening oil suggests investors see reduced near-term risk to shipping and crude supply. Both outlets attribute the market move to the same central development: growing optimism around negotiations and the likelihood of an agreement that would improve access to regional oil exports. The Australian Securities Exchange (ASX) is expected to open higher, reflecting broader gains across international markets. The coverage remains focused on expectations rather than a finalized agreement, and highlights the immediate market reaction to statements about the possible direction of talks.