US equity markets posted broad gains on Sunday, driven by renewed optimism that a comprehensive agreement between the United States and Iran is imminent.
The rally was particularly pronounced in the technology sector, where semiconductor shares led the advance as traders priced in a de-escalation of tensions in the Strait of Hormuz.
The market move follows President Donald Trump’s declaration that a deal with Iran has been finalized, with signing expected within hours.
While diplomatic details remain unconfirmed, the prospect of eased sanctions and stabilized shipping routes has triggered a repricing of risk across global markets.
Energy stocks also saw modest support, though the focus remained firmly on growth equities sensitive to supply chain stability.
This development marks a sharp pivot from earlier fears of a 'devastating response' from Iran to US military presence in the region.