Stocks soared and oil prices dropped following news of a tentative peace deal between the United States and Iran, signaling positive sentiment in global financial markets.

<img alt="a woman with short hair and two men work at computers on a trading floor, in front of a large screen displaying trading figures for the Korean Composite Stock Price Index" height="349" src="https://i.cbc.ca/ais/1ca65844-a41f-4d67-b508-5ee2527b4d39,1781527057196/full/max/0/default.jpg?im=Crop%2Crect%3D%280%2C362%2C6940%2C3903%29%3BResize%3D%28620%29" title="Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate b...