The global stock rally triggered by the preliminary U.S.-Iran deal seemed to moderate on Tuesday as markets awaited more details on its terms and looked for signs that it would lead to a meaningful increase in tanker traffic through the Strait of Hormuz. Attention was also fixed on central banks on Tuesday as the Reserve Bank of Australia and the Bank of Japan kicked off the week’s busy calendar for monetary policymakers. The BOJ delivered an expected quarter-point rate hike to 1%, a…
