U.S. stock futures jumped and oil prices tumbled on Sunday after the U.S. and Iran confirmed they finally reached an agreement to extend their ceasefire that would reopen the Strait of Hormuz, after weeks of dashed hopes.
Futures tied to the Dow Jones industrial average leapt 430 points, or 0.87%. S&P 500 futures shot up 1.08%, and Nasdaq futures surged 1.77%.
