India, June 15 -- German stocks climbed higher on Monday, with investors cheering the news that Iran and the U.S. have agreed to a deal to end the Middle East war. Oil prices fell sharply, easing concerns about inflation and interest rates.
The preliminary framework of the deal includes halting the U.S. blockade of Iran and reopening of the Strait of Hormuz. The resultant sharp drop in oil prices has helped ease inflation concerns, adding to the upbeat sentiment in the markets.
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