West Asia LIVE: Oil prices down more than 4% after U.S.-Iran 'permanent' peace deal

🌐 The Hindu (India) —
West Asia LIVE: Oil prices down more than 4% after U.S.-Iran 'permanent' peace deal

AI Summary

Following the US-Iran peace deal, oil prices in West Asia fell over 4 percent. The reopening of the Strait of Hormuz is expected soon after the official signing of the agreement, impacting global energy markets.

Trump said the Strait of Hormuz will open on Friday after the official signing of the agreement

World Politics Markets Energy oil prices West Asia US-Iran deal Strait of Hormuz energy market price drop

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