The United States and Iran have signed a framework agreement aimed at ending the ongoing conflict between the two nations, a development that has immediately triggered a broad rally in global financial markets.
The signing marks a significant diplomatic breakthrough, shifting the geopolitical landscape from active hostilities toward a negotiated resolution.
The announcement has provided a substantial boost to risk appetite among investors.
Global equities are trading higher, with the German DAX index rising 1.3 percent to 24,956 points in Monday trading.
The move reflects a rapid repricing of geopolitical risk premiums, as traders unwind positions that had been hedged against prolonged instability in the Middle East.
The framework agreement follows recent communications in which US authorities expressed a desire to continue discussions on a potential peace resolution, according to Iran's foreign minister.