Stock futures rose early Monday as investors reacted to President Donald Trump’s announcement of a U.S.–Iran agreement to end the war.

Dow, S&P 500, and Nasdaq futures all climbed, while Asia-Pacific markets also posted strong gains led by South Korea and Japan.

The optimism followed news that the Strait of Hormuz would reopen, helping ease geopolitical tensions and sending oil prices lower.

Markets were also supported by the previous week’s gains, including optimism around a record SpaceX IPO that boosted tech sentiment, CNBC has reported.

Investors are now focused on upcoming economic data and the Federal Reserve meeting, with rates widely expected to remain unchanged.