Global markets rise as the US and Iran announce a framework agreement to end their conflict and as talks continue over a potential ceasefire. Several outlets report a “risk-on” reaction in equities, with investors turning more positive while the dollar weakens. Oil prices move sharply, reflecting changing expectations for Middle East energy supplies.

Oil dynamics differ across coverage. Some reports say oil briefly rises after renewed fighting and then cools as hopes of a deal grow, while others emphasize oil tumbling toward levels around US$80 a barrel. Multiple sources link the drop to prospects that the Strait of Hormuz can reopen. One outlet notes the strait had been effectively closed by Tehran after late-February US and Israeli strikes, raising the cost of energy.

At the same time, several stories stress uncertainty around the durability of any ceasefire and ongoing negotiations. Even with optimism, traders remain cautious about future supply disruptions, which leads to price swings in both crude benchmarks and broader risk sentiment.