New Delhi, June 15 -- World share prices soared Monday after a tentative deal was announced on ending the Iran war and reopening the Strait of Hormuz, while oil prices fell more than $4 a barrel.

The future for the S&P 500 was up 1.2% and that for the Dow Jones Industrial Average gained 1%, auguring likely early gains for Wall Street.

In early European trading, Germany's DAX advanced 1.7% to 25,066.48, while the CAC 40 in Paris also added 1.7% to 8,410.36.

Britain's FTSE 100 gained 0.8% to 10,553.18.

After repeated false starts, investors were betting that this time, the war might end. U.S. President Donald Trump confirmed the initial agreement and authorized an end to the U.S. naval blockade of Iranian ports.

Iran confirmed it but s...