Donald Trump posts ‘Let the oil flow’ as US-Iran peace deal sparks immediate drop for Brent crude
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Middle East crisis: live updates
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Peace deal between US and Iran announced, with strait of Hormuz expected to reopen
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What do we know about the US-Iran peace deal – and what questions remain?
Global oil prices have tumbled and stock markets rallied amid fresh hopes that a US-Iran peace deal may end the greatest energy supply crisis in the history of the market.
The price of Brent crude dropped 4% to below $84 (£62) a barrel as the new trading week began in financial centres across Asia-Pacific, amid optimism that the strait of Hormuz could reopen shortly and bring a return of Gulf oil exports to the market. Continue reading…
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