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US and Iran reach deal to halt more than three months of war, Trump says Strait of Hormuz to reopen Friday. Oil drops 4%, S&P 500 futures rise 0.8%. No text of deal released.

The US and Iran say they have reached a deal to halt more than three months of war. President Trump says the Strait of Hormuz will be opening on Friday. Oil drops 4%, S&P 500 futures climb 0.8%, gold up 1.7%. Neither side has released text of the deal.

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