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Stocks leap worldwide, and oil prices drop after the US and Iran reach a tentative deal on their war

NEW YORK (AP) — Stock markets are rallying worldwide Monday, 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% 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 inflation painfully upward for the entire world. The Dow Jones Industrial Average was up 611 points, 1...

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