US-Iran Peace Deal Ignites Global Market Rally, Oil Prices Plunge

Asian equities surged Monday after the U.S.–Iran peace deal, sending Brent crude down 4% to $83.82 and WTI to $80.95. Kospi jumped nearly 5% past 8,500, with Samsung and SK Hynix up ~6%. Nikkei 225 extended gains, while S&P 500 futures pointed above 7,480. The deal, mediated by Pakistan PM Shehbaz Sharif, will be signed June 19 in Switzerland, covering nuclear activity, Hormuz reopening, and oil sanctions exemptions.