Oil Prices Slide After Pakistan Announces US-Iran Deal and Strait of Hormuz Reopening
Oil prices drop sharply as Pakistan brokers a landmark US-Iran agreement, reopening the vital Strait of Hormuz under Trump's announcement.
Oil prices drop sharply as Pakistan brokers a landmark US-Iran agreement, reopening the vital Strait of Hormuz under Trump's announcement.

Despite fears over extreme heat, transport chaos, and record ticket prices, the World Cup has kicked off smoothly, calming nerves for hosts and FIFA.

ASX Ltd. admitted its 2022 CHESS replacement statement was misleading and will pay a A$20.5 million penalty to Australia's securities regulator.

Speculators are piling back into yen short positions at levels not seen in nine years, reigniting the carry trade despite BOJ rate hike risks.

The US and Iran reached an interim deal to reopen the Strait of Hormuz, pausing a deadly conflict and opening the door to nuclear talks.

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Vanguard's Chief APAC Economist Qian Wang says the Iran-US deal could lift global economic outlook, though sustainability remains a key risk.

Grain futures fell in Chicago as a potential Hormuz Strait reopening may restore access to critical crop inputs and ease food inflation.

A trapped LNG tanker moves toward the Strait of Hormuz as the US and Iran announce a deal to reopen the critical waterway.

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Oil prices fell sharply after the US and Iran reached an interim deal to end their conflict, raising hopes the Strait of Hormuz could reopen.