US-Iran framework sends oil lower, stocks higher (opens in new tab)

Oil prices fell and global stock markets rose after President Trump said the United States and Iran had reached a preliminary agreement to end the war and reopen the Strait of Hormuz, the waterway that normally carries about a fifth of global oil flows. Brent crude fell about 4.8% to $83.17 a barrel, while West Texas Intermediate dropped around 4% to $81.46. The Dow Jones Industrial Average gained 469 points to a record 51,671, the S&P 500 rose 1.7% to 7,554, and the Nasdaq composite gained 3...