Energy Markets
Markets applaud Iran deal but wait for oil to start flowing
In Asia, stocks and bonds rose and the dollar dropped after U.S.-Iran agreed on a peace agreement to reopen the Strait of Hormuz. The deal also included a lifting of the U.S.'s blockade against Iran. U.S. crude oil futures dropped more than 4%. S&P 500 Futures rose 0.8%. The dollar fell broadly. The yen increased to 159.7 dollars per yen and the euro increased to $1.1616. Here are the comments of market analysts on this deal: MRE?SPEIZER MARKET STRATEGIST WESTPAC, AUCKLAND "It is positive for risky assets, positive for currencies that are risky, and negative for the U.S. Dollar." There...