Investors welcome the possible resumption of oil and gas flows through the Strait of Hormuz.
Investors welcome the possible resumption of oil and gas flows through the Strait of Hormuz.
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Oil prices have dived, bonds rallied, and stocks surged as a two-week ceasefire involving Iran spurred a relief rally, with investors cheering the possible resumption of oil and gas flows through the Strait of Hormuz.
US President Donald Trump said late on Tuesday that he had agreed to suspend attacks on Iran for two weeks, adding that a long-term peace agreement was in progress.
Brent crude oil dropped to $93 a barrel after US president’s announcement and Iran’s pledge to reopen strait of Hormuz under its…
Trump announced the deal not long before a deadline for a Tuesday evening ultimatum for Iran was reached.
President Donald Trump raised hopes of an agreement between the US and Iran after days of escalation.
US president briefly pauses ‘Project Freedom’ operation escorting ships through strait of Hormuz
Crude oil fell sharply after Washington and Tehran agreed a 2-week cease-fire deal that included allowing shipping to transit the…
Relief for global markets comes after Trump says Iranian officials are keen on a deal.
