Iran and US agree deal to open Strait of Hormuz and extend ceasefire
Adversaries to sign agreement on Friday for reopening of waterway and end to US naval blockade of Iranian ports
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Adversaries to sign agreement on Friday for reopening of waterway and end to US naval blockade of Iranian ports
A framework agreement could be signed later this week, but details are scarce. Still, investors are cheering the potential breakthrough.
Shipowners welcomed the agreement to reopen the Strait of Hormuz, but said they would need more security guarantees before resuming transits.
China is the world’s largest purchaser of oil. But three months after the war with Iran began, it cut its imports, cushioning the global market.
Oil prices fell and stocks gained early Monday after Iran and the U.S. reached a deal that may allow more energy and other goods to flow through the Strait of H
When the conflict began on 28 February, fuel costs jumped as the war disrupted the production and transportation of energy across the Middle East.
Under the agreement, the key Strait of Hormuz waterway will be reopened, US President Donald Trump said.
Experts warn the impact of the war will continue to affect the global economy for months to come.
Oil prices fell and U.S. stock-index futures jumped Sunday after President Donald Trump said the U.S. has agreed to a peace deal with Iran, apparently ending mo
West Texas Intermediate and Brent crude fell after officials agreed to a 60-day ceasefire while final arrangements are being negotiated.

Global shippers cautious on Hormuz transit despite US-Iran deal
The G7 is likely to address the Iran peace deal, as well as Russia's war against Ukraine, which continues to rage in eastern Europe.
Asian tech stocks surged Monday on news that Iran and the U.S. have reached a deal.
The agreement came after more than three months of stop-start negotiations and bouts of fighting since late February, roiling global energy and commodities mark
"The Deal with the Islamic Republic of Iran is now complete," Trump said in a Truth Social post.
The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — fell over 4 basis points to 4.441%.
Vance on CNBC's "Squawk Box" expressed confidence that America has "all the cards" in subsequent talks with Iran.
(Bloomberg) -- US stocks could get an additional boost from a rotation into cyclical, economically-sensitive industries that have lagged in the Iran war, accord
Stocks looked set to rally on Monday after the U.S. and Iran said they had agreed to an interim peace deal, soothing investors who have spent the past few month
Ahead of the bell US stock futures surged on Monday after Washington and Tehran announced a ceasefire agreement that should reopen the Strait of Hormuz, sending