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The preliminary agreement may not have an immediate effect on prices at the pump. Damaged infrastructure and risky transport could keep costs up.
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Stocks were mixed after strong rallies the day before.
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Biopharma dealmaking is driven by pressure to top up drug pipelines ahead of major patent expirations later this decade.
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Trump has started his visit to the G7 summit by hailing an agreement aimed at ending the U.S. conflict with Iran.
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The US vice-president says the agreement is "about a page and a half" and "very general", meaning many details will be worked out later.
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;Resize=(620)) June 15, 2026 | U.S. President Donald Trump provides few details while promoting his new peace deal with Iran. Toronto police shoot at a 12-year-old who they say struck an officer with a car. And, 12 people are injured at a popular B.C. waterpark.
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"The struggle has not ended," a defiant Prime Minister Benjamin Netanyahu told Israelis.
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As investors look to the formal signing of the Iran deal on Friday, equities are hitting fresh highs, oil is down and yields are pulling back.
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Stock markets rallied worldwide, and oil prices eased after the United States and Iran reached a tentative deal to get the global flow of crude going again.
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The agreement is expected to be formally signed on Friday in Switzerland.
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"The Deal with the Islamic Republic of Iran is now complete," Trump said in a Truth Social post.
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TEHRAN, Iran — The news felt like a wave of relief after weeks of counterclaims and strikes
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