Markets Rally on US-Iran Deal; Bitcoin, Oil React

Global markets are showing optimism following news of a potential US-Iran peace deal, which could lead to the reopening of the Strait of Hormuz and a significant drop in oil prices. Equity markets worldwide have advanced, with US stocks showing strong pre-market gains. Bitcoin also experienced a brief surge, topping $66,000, and gold prices have risen. Investors are closely watching the Federal Reserve's upcoming FOMC meeting, though rate hikes are currently not expected. The geopolitical development has injected a positive sentiment into financial markets, though underlying risks remain.