Framing Analysis
US and Iran agreed on Sunday to a framework deal that includes halting the US blockade of Iran and reopening the Strait of Hormuz, with a memorandum of understanding scheduled for signing on Friday in Switzerland. Asian equity indexes including the Nikkei 225 and Topix rose on Monday June 15 while Japanese government bond yields declined across maturities. One claim that the agreement permanently ends military operations remains disputed between sources.