Oil prices fall, stocks rally as US, Iran sign framework to end war

Oil prices dropped 2.3% after the US and Iran signed an interim peace agreement, with Brent crude falling to $77.73 per barrel. Asian stock markets rallied, with Japan's Nikkei 225 and South Korea's Kospi hitting all-time highs, while Hong Kong's Hang Seng fell 1.7%. US stock futures also climbed. Economist Norihiro Yamaguchi noted that markets welcomed the early signing of the MoU and reduced uncertainty after central bank meetings.