Oil prices dropped towards $80 a barrel and stocks rallied on Monday after Washington and Iran reached a framework deal to end the Middle East war and reopen the Strait of Hormuz, sending a wave of relief through global markets.The strait, through which roughly 20 percent of the world's crude oil supply normally transits, was effectively closed by Tehran after the US and Israeli strikes on Iran in late February, sending energy prices soaring.
Oil plunges, stocks jump on US-Iran peace deal
Political Leaning Analysis
Score: -0.28 •
Center / Neutral
Left
Center
Right
Story Timeline
Fri 09:27 - Le Figaro
Reopening of the Strait of Hormuz, nuclear program, frozen assets... What the agreement between the United States and Iran could contain
Sat 05:21 - La Libre (BE)
LIVE - War in the Middle East: The United States says it has shot down Iranian drones, despite optimism for an agreement
Sat 07:59 - Le Figaro
LIVE - War in the Middle East: the United States claims to have shot down Iranian drones despite optimism for an agreement
Sun 16:23 - Le Figaro
“This agreement would reward Iranian intransigence”: between Washington and Tehran, a bad peace would prepare for the next war
Mon 04:50 - Le Figaro
“Crucial step”, “long-term reopening of Hormuz”: the main reactions in the world after the agreement between the United States and Iran
Mon 07:21 - Le Figaro
European stock markets celebrate the peace agreement between the United States and Iran, the CAC40 jumps 1.60%
Mon 13:15 - Le Figaro
Poorly received in Israel, the agreement between the United States and Iran weakens Benjamin Netanyahu
Mon 16:00 - Al-Monitor
Oil plunges, stocks jump on US-Iran peace deal