Oil Prices Fall as U.S.-Iran Deal to Reopen Hormuz Takes Effect
Oil prices fell and stocks rose after Pakistan announced that the agreement to reopen the Strait of Hormuz would take effect immediately.
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Oil prices fell and stocks rose after Pakistan announced that the agreement to reopen the Strait of Hormuz would take effect immediately.
The U.S. and Iran agreed to a framework for a peace deal that extends their cease-fire for another 60 days. Now, a series of practical steps are needed for traf

Iran peace not stopping central banks from raising borrowing costs
The U.S. defense secretary also said it was "shameful" that European allies refused to give U.S. forces access to bases to strike Iran.
The Bank of England's Monetary Policy Committee voted 7-2 to keep rates on hold.
The deal sees both sides commit to further talks to reach a final agreement over the next 60 days and includes a $300 billion plan for Iran's reconstruction.
Gas prices are still 30% higher compared to what drivers paid before the U.S. and Israel attacked Iran on Feb. 28.
US equity futures were higher pre-bell Thursday after the US and Iran digitally signed an agreement
US stocks are set to rebound on Thursday after Wall Street suffered a sharp sell-off following the first meeting of a new Federal Reserve regime, with investors
(Updates with economic data, recent oil price movement, world markets' overview and corporate stock
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The department cited national security concerns, saying Elon Musk’s company had played a crucial role in the Iran war. It also argued it has the authority to st
Iran’s first observed crude oil exports in two months have moved past the U.S. blockade outside the Strait of Hormuz in a sign that Iran is wasting no time to t
Europe will have to contend with the energy price shock for months despite the tentative U.S.-Iran agreement to end the war and reopen the Strait of Hormuz, Eur

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US president’s critics ask if concessions to Tehran in purported agreement were worth four months of war
US president’s pushback on reports of provision in peace deal comes after fierce bipartisan backlash
Traders are waiting for U.S. and Iranian officials to meet in Switzerland on Friday, when they are expected to sign an initial agreement and begin a 60-day ceas
Americans are spending more on gas and eating out less, a sign of stress on the economy tied to the conflict with Iran that’s forced consumers to shift more dol

Oil rises on US-Iran deal doubts; IEA warns of supply glut