India, June 15 -- The major U.S. index futures are currently pointing to a sharply higher open on Monday, with stocks likely to extend the strong upward move seen over the two previous sessions.
The upward momentum on Wall Street comes following news the U.S. and Iran have reached an agreement to end more than three months of war.
President Donald Trump said in a post on Truth Social that a deal with Iran is "now complete" and authorized the "toll free opening" of the Strait or Hormuz and the immediate removal of the U.S. blockade of Iranian ports.
Trump later clarified that the Strait of Hormuz would reopen upon the signing of the deal of Friday for purposes of mine removal.
The agreement reportedly extends the U.S.-Iran ceasefire for ...