Business sector welcomes Iran pact

🌐 Bangkok Post (Thailand) —

AI Summary

The US and Iran have signed a deal to end their conflict and reopen the Strait of Hormuz, leading to a drop in oil prices. This development has been welcomed by businesses and economists, as it could reduce inflation and foster economic growth.

Businesses and economists took a deep breath after the US and Iran signed off on a deal to end their war and reopen the Strait of Hormuz, lifting optimism as oil prices fell, which could ease inflation and support potential economic growth.

Politics Markets Deals Commodities Energy Shipping US-Iran deal Strait of Hormuz oil prices inflation economic growth business optimism

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