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Stock markets are rallying worldwide and oil prices are easing, after the United States and Iran reached a tentative deal to extend their ceasefire and reopen the Strait of Hormuz to get the global flow of crude going again.
The S&P 500 rose 1.5 per cent early Monday on hopes that this time, the announcement of an Iran-U.S. agreement will mean a long-term fix to a conflict that has sent prices up worldwide.
The Dow Jones Industrial Average was up 1.2 per cent as of 9:35 a.m. ET, and the Nasdaq composite was 2.3 per cent…
