Iran updates: World leaders express optimism for peace deal

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World leaders cheered reports of a peace deal that would reopen the Strait of Hormuz to international shipping, sending oil prices plummeting and stock markets surging. The development marks a potential breakthrough in regional tensions that have disrupted one of the world's most critical maritime chokepoints. Financial markets moved swiftly on the news, with crude oil declining and equities rallying across exchanges. The agreement's details remain unclear, but the quick response from major economic centers signals confidence that the deal could ease energy security concerns and stabilize global trade routes.