The US and Iran finalised a deal to end their 107-day war and open the Strait of Hormuz, the narrow waterway used to ferry one-fifth of the global oil supplies. US President Donald Trump made the announcement of Truth Social last night, saying America will end its naval blockade on Iranian ports. Oil prices fell on the news. Brent crude futures fell 4 per cent in early trading today, while US West Texas Intermediate slid more than 4.6 per cent. st report.
Oil prices down as US & Iran to end 107-day war
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