June 15 (Reuters) - Futures tracking Canada's blue-chip stocks edged higher on Monday as U.S. and Iranian officials said they had reached an agreement to end their war and reopen the Strait of Hormuz.
June futures on the S&P/TSX index were up 0.8% at 6:17 a.m. ET (1017 GMT).
While still a framework, the deal marked the biggest breakthrough in efforts to resolve the conflict which has killed thousands and upended energy markets since it began with joint U.S.-Israel strikes on Iran in February.
Oil prices slipped to a three-month low and were down 5% following the news.
Spot gold and silver rose 2.8% and 3.9%, respectively, as worries about possible U.S. Federal Reserve rate hikes eased.
Canada's S&P/TSX Composite Index (.GSPTSE), on Friday moved closer to a record high and ended the week higher, led by gains in the shares of metal miners.
Meanwhile, the leaders of the Group of Seven wealthy nations are due to arrive at a French lakeside resort later on Monday amid unease among allies over U.S. President Donald Trump's tariff threats and questions about Washington's commitment to the global order.
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Reporting by Tharuniyaa Lakshmi in Bengaluru; Editing by Jonathan Ananda
