US and Iran announce deal to end military operations
5 hours ago
- #Oil Prices
- #Strait of Hormuz
- #US-Iran Deal
- Oil prices fell 3.8% early in Asia following a US-Iran deal announcement.
- The deal includes reopening the Strait of Hormuz, previously closed since airstrikes in late February.
- Brent crude dropped to $84.02 a barrel, and US oil fell to $81.40.
- Pakistan stated the agreement will be officially signed on Friday in Switzerland.
- US President Donald Trump highlighted the deal on social media, noting 'oil will flow'.