Strait of Hormuz Deal Lifts Markets as Trump Pushes Iran Agreement at G7

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President Trump says the U.S. has reached an interim deal with Iran to reopen the Strait of Hormuz, with full details expected within 48 hours. A senior U.S. official says traffic will increase over the next two weeks as mines are cleared. Global markets rallied on the news, while oil prices slumped sharply -------- Bloomberg News Now is a comprehensive audio report of the top stories. Hear the latest news, updated throughout the day, covering global business stories in just a few minutes. Subscribe wherever you get your podcasts: On Apple: http://apple.co/3Eyz9EX On Spotify: http://spoti.fi/45IG5LR Anywhere: http://bit.ly/460OMka