Tokyo, June 15 -- As US President Donald Trump announced the Peace Deal framework that brings a closure to the crisis in the Middle East, Asian stocks cheered and rose significantly.

As of filing this report, Kyodo News reported that Japan's Nikkei had risen over 4% to set a intraday record high.

Early reports saw Asia-Pac stocks jump at the opening as the Peace Deal opens up the critical Strait of Hormuz with South Korea's Kospi recording a jump of 4.3%

Australian shares also jumped at open, the ASX200 was trading 125pts or 1.4% higher to 8,928 at the time of this report. Seven of 11 sectors on the Indice were higher, led by a rally in materials (+3.5%).

Meanwhile, CNBC reported that U.S. crude oil futures for July delivery were down...