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Trump said on Saturday that an agreement would include the reopening of the Strait of Hormuz, without giving further details.
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S&P 500 futures were up slightly in what may be a sign that investors and analysts are waiting to see if a deal is finalized.
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Japan's Nikkei 225 breached 64,000 for the first time Monday as a sharp decline in oil prices lifted risk sentiment in holiday-thinned trading.
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Without the details of a formal agreement, it is unclear how soon normal shipping will resume and when oil prices will start to come down.
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