West Asia LIVE: Oil prices down more than 4% after U.S.-Iran 'permanent' peace deal
The United States and Iran have reached a permanent peace deal to end military operations in West Asia, leading to a significant drop in global oil prices. Asian stock markets surged in response to the news, while gold prices rose as geopolitical tensions eased.
Why it matters
This agreement marks a major geopolitical shift that could stabilize global energy markets and reduce inflation concerns stemming from the three-month conflict.
Oil prices plunged more than 4% on Monday (June 15, 2026), while Asian stocks soared in early trade after the United States and Iran announced they had reached an agreement to end the conflict in West Asia.
The article reports on market reactions and official statements from both sides without injecting editorial opinion.
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