US-Iran peace deal may lower oil prices, slow inflation and ease cost of living, but impact is uncertain and may take time to show results. | World News

The landmark US-Iran peace deal will see the Strait of Hormuz reopened within 30 days, allowing roughly 20 per cent of the world's oil and gas supplies to flow freely again

News of a deal between Iran and the United States is likely to be good news for New Zealand petrol prices and interest rates, provided it sticks.