Oil Trades Below $80 On Optimism Over War Deal

HONG KONG (AP) — Asian shares are mostly higher and oil is trading below $80 a barrel, as markets watch for details on the interim agreement to end the U.S.-Iran war. U.S. futures edged higher after Wall Street closed mixed Tuesday and ahead of a policy decision by the Federal Reserve, which is expected to keep its benchmark interest rate unchanged. Oil prices stabilized on optimism over a possible end to the war and reopening of the Strait of Hormuz. On Tuesday, Wall Street’s benchmark S&P 500 fell 0.6%. The Dow added 0.6% to hit another record, and the Nasdaq composite dropped 1.2%.