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Oil Prices Fall on US-Iran Deal Hopes

Past coverage Economy & Trade

Past coverage from 0 countries ยท Last active Jun 15, 2026

This topic isn't active right now. Last covered Jun 15, 2026. See today's headlines.

World oil prices have plunged over 4%, reaching their lowest since March, following reports of a US-Iran peace deal that could reopen the Strait of Hormuz. This development is boosting Asian and Indian stock markets, which are expected to open higher. Pakistan has announced the deal, with President Trump confirming it.

๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria/English NEW

US-Iran Peace Deal Sends Oil Prices Tumbling, Stocks Soaring

- Global markets surged, and crude oil prices fell after the US and Iran announced a deal to end their three-month war. - The agreement, mediated by Pakistan, will reopen the Strait of Hormuz, a critical chokepoint for global oil supply. - The resolution eased inflation concerns, potentially influencing central bank interest rate decisions and boosting equities, though details of the deal remain uโ€ฆ