Stock Futures Soar as Iran Peace Deal Lifts the Market. Oil Prices Dive.

Stocks looked set to rally on Monday after the U.S. and Iran said they had agreed to an interim peace deal, soothing investors who have spent the past few months fretting about the disruption of shipping through the Strait of Hormuz. U.S. President Donald Trump is heading to France for the G7 summit, which starts today, where the agreement will likely be a hot topic. Trump and Pakistani negotiators said on Sunday that a peace deal would be signed this Friday.