New Delhi, June 16 -- President Donald Trump isn't likely to admit he shares a penchant for dealmaking with one of his predecessors, Bill Clinton, that's become more evident with the opaque agreement to end the U.S. war with Iran.

The deal, which has lifted Asian and European stocks to record highs and looks set to power U.S. stocks back towards their record peaks of early June, takes a page out of Clinton's Middle East playbook by unveiling a sweeping agreement on a key principal, but leaving the more difficult-and potentially deal-breaking-discussions for another day.

Trump said the accord would reopen the Strait of Hormuz by the end of this week, cementing a key sticking point between Washington and Tehran that has defined the bulk o...