Oil prices slide after US and Iran sign peace deal
Oil prices have dropped significantly following a framework peace deal between the US and Iran to end their recent conflict. The agreement aims to reopen the critical Strait of Hormuz shipping route, easing global energy market volatility.
Why it matters
The reopening of the Strait of Hormuz is vital for global energy security, as it facilitates the transport of 20% of the world's oil and LNG supplies.
Share Save Add as preferred on Google Peter Hoskins Business reporter Getty Images Oil prices have fallen and shares risen after the US and Iran said they had agreed a framework deal to end the war, which US President Donald Trump said would see the reopening of the key Strait of Hormuz shipping route.
The article reports on market reactions and official statements from multiple parties without injecting editorial opinion.
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