Oil prices have declined and global stock markets have gained after the United States and Iran signed an interim agreement aimed at ending the conflict.
The international oil benchmark, Brent crude, fell by as much as 1.6 percent in Asian trading on Thursday, returning close to the level recorded a day earlier. Brent futures for August delivery were around $78.23 per barrel.
The decline came after a recent rise in oil prices caused by warnings from US President Donald Trump that military action could resume if Iran failed to comply with the agreement.
Asian markets reacted positively to hopes that the deal could end months of disruption to global energy supplies. Japan’s Nikkei 225 reached a record high, rising 1.8 percent, while South Korea’s Kospi also hit a new peak, gaining 1.4 percent. Taiwan’s stock market increased by about 1.3 percent.
However, Hong Kong’s Hang Seng Index moved in the opposite direction, falling 1.7 percent.
US stock futures also increased, with futures linked to the S&P 500 rising about 0.8 percent and those linked to the Nasdaq Composite climbing around 1.3 percent.
Pakistan’s Prime Minister Shehbaz Sharif, who helped mediate talks between Washington and Tehran, said the US-Iran memorandum of understanding had taken immediate effect.
According to Sharif, Iran would reopen the Strait of Hormuz and the United States would lift its naval restrictions on Iranian ports. The Strait of Hormuz is a key global oil route.
Despite the announcement, shipping companies remain cautious, saying they need clearer information about safe routes and security arrangements before fully resuming operations.
The shipping industry has warned that risks remain because of previous threats involving missiles, drones, and sea mines in the region.
.jpeg)
.jpeg "Sunayen kofofin aljanna guda takwas 8")
0 Comment about the Post: