Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street.

Good Monday morning. Welcome to Swak on the Street. I'm Carl Kintan here with David Faber. Leslie Picker here at post-9 of the New York Stock Exchange. Kramer has the morning off.

Future spike as the U.S. finally gets that

MOU with Iran, a signing expected Friday in Geneva. Travel and leisure names get a boost.

S&P could approach that all-time closing high right around 7609. Got a little merger Monday action

today too. Oil tumbling here, lower since March 4th, West Texas, briefly below 80 December delivery, 75.

Our roadmap begins with the U.S. and Iran, reaching an agreement on a deal to end the war and reopen the Strait of Hormuz as the President makes his way to Europe for the G7 summit.

Plus, we are watching shares of SpaceX. They are slated for a higher open, what would be its first full day of trading.

This, of course, after that record-setting debut. And Fox is buying Roku. 160 bucks a share.

It's worth about $25 billion, the cash-and-stock deal. We're going to break down the reasons behind it and everything else.

Let's get right to the U.S. and Iran, though, reaching this peace framework

with the signing ceremony set for Friday. Vice President was on squawk last hour to break down

the agreement. What this deal does fundamentally is two things. It immediately reopens the

Straits of Hormuz. We're already seeing in the past 24 hours more traffic flow. You see oil

prices coming down. But you also have the long-term commitment that Iran will never develop or

procure a nuclear weapon. Those are two very big wins for the American people.

A lot of unanswered questions, of course, about namely some text, which we hope to get in the

coming days, how the Israelis respond

and a lot more.

Yeah, a lot of open-ended questions here, particularly, you know, against this backdrop of the G7

happening, you know, those leaders also haven't seen a text of this.

So how much that will play into the discussions that take place over in Europe is an open question. Also,

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