Asian share prices rise sharply after a deal is announced to end the Iran war and reopen the Strait of Hormuz. Multiple reports say the announcement prompts a broad risk-on reaction across regional markets. In Tokyo, Japan’s Nikkei 225 climbs nearly 5% early Monday, while South Korea’s Kospi gains about 5.5%. The reports also describe a drop in oil prices of more than $3 per barrel, reflecting expectations of eased shipping and reduced energy risk linked to the strait’s reopening. News also points to gains beyond Asia: futures for the U.S. S&P 500 are reported up around 1%, indicating investors expect positive momentum in global markets. Overall, sources attribute the rally to improved expectations for regional stability and less disruption to global oil flows following the deal. The timing of the moves is described as early Monday trading, with large percentage gains across major benchmarks.