Global Markets Rally as US and Iran Agree on Framework to End Conflict

Oil prices fell sharply while stock markets rallied on Thursday after the United States and Iran signed a framework agreement aimed at ending hostilities. Brent crude dropped 2.3 percent, providing relief to investors concerned about supply disruptions. Key stock indices in Japan, South Korea, and Taiwan climbed, reflecting optimism that the deal could reduce geopolitical tensions and stabilize energy markets. Analysts said the agreement marks a significant step toward de-escalation in the region, though implementation details remain to be negotiated.