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Japanese Stocks Rise at Friday's Open as US-Iran Truce Revives Oil Route

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Japanese stocks advanced at the start of trading on Friday following a diplomatic breakthrough between Washington and Tehran and the reopening of the Strait of Hormuz.

The Nikkei 225 rose 497.5 points or 0.7%, to 71,551.03.

At home, domestic inflation data released Friday showed core consumer prices excluding fresh produce increased 1.4% annually.

Meanwhile, the interim US-Iran accord, which includes a 60-day window for detailed negotiations, formally took effect with Washington terminating its naval restrictions and commercial shipping gradually returning to normal operations at Hormuz, according to various reports.

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