EconomyCould an Iran deal reshape oil markets and the Strait of Hormuz?

A proposed agreement involving Iran would give Tehran greater control over shipping through the Strait of Hormuz. The prospect is helping keep oil prices below $80 a barrel. Gold has recorded its strongest one-day rise in six months as investors reconsider the outlook for inflation and interest rates. Wall Street remains cautious after disappointing chip-sector earnings and before a crucial U.S. jobs report.