Key events 18m ago Introduction: Oil prices retreat and global stocks hit record highs after Trump hails ‘great progress’ on Iran deal Show key events only Please turn on JavaScript to use this feature Introduction: Oil prices retreat and global stocks hit record highs after Trump hails ‘great progress’ on Iran deal Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Asian stock markets hit record highs, following in Wall Street’s footsteps, and oil prices retreated after Donald Trump hailed “great progress” towards a “final agreement” with Tehran. Brent crude oil futures fell nearly 2% to $107.7 a barrel. The dollar lost 0.36% against a basket of major currencies. The US president said last night he was pausing ‘Project Freedom’ , the US effort to guide stranded vessels out of the strait of Hormuz launched on Monday, but added that his blockade of Iranian ports would remain in place.…