Iran, US agree to halt war and reopen Hormuz, sending oil prices tumbling

🇸🇬 The Straits Times (SG) —
Iran, US agree to halt war and reopen Hormuz, sending oil prices tumbling

AI Summary

Officials from the US and Iran agreed to end their war and reopen the Strait of Hormuz, a preliminary pact that caused a fall in oil prices but leaves the future of Tehran's nuclear program uncertain. The agreement marks a significant de-escalation in the conflict.

DUBAI/WASHINGTON, June 15 - U.S. and Iranian officials said they had reached an agreement to end their war and reopen the Strait of Hormuz, a preliminary pact that sent oil prices falling but leaves the fate of Tehran's nuclear program to further negotiations.

World Security Conflict Politics Markets Deals Commodities Energy Shipping US-Iran pact Strait of Hormuz oil prices war end nuclear program Middle East conflict

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