Ceasefire Agreement Between Trump and Iran Boosts Markets
Trump announced ceasefire with Iran, authorizing reopening of Strait of Hormuz and removal of U.S. naval blockade on Iranian ports. Markets rebounded from geopolitical risk after four months of conflict. Nikkei 225 surged 4.5% and Kospi jumped 5.7% as markets rebounded. Brent crude fell $3.45 to $83.88 per barrel in early trading. Josh Gilbert cautions deal not signed until June 19th, with signing in Switzerland. Broader negotiations on Iran's nuclear program will continue for 60 days