BBC: <\/p>\n\n\n\n
Oil prices have fallen and shares risen after the US and Iran said they had agreed a framework deal to end the war, which US President Donald Trump said would see the reopening of the key Strait of Hormuz shipping route.<\/p>\n\n\n\n
Brent crude, the global oil benchmark, dropped 4.7% to $83.24 (\u00a361.94) a barrel, and shares in Asia and Europe jumped in reaction to the deal.<\/p>\n\n\n\n
Pakistan, which has been mediating an end to the US-Iran war, said an official signing ceremony would be held on Friday, 19 June in Switzerland.<\/p>\n\n\n\n
Iran’s deputy foreign minister Kazem Gharibabadi confirmed in a phone call on state TV that a deal with the US had been finalised, while Trump posted on social media “let the oil flow!”.<\/p>\n\n\n\n
But Vandana Hari from energy markets analysis firm Vanda Insights said a lack of detail on what has been agreed was “likely to inject unease and uncertainty into the market”.<\/p>\n\n\n\n
This could mean a week of uncertainty and volatility for the oil market, she added.<\/p>\n\n\n\n
The Strait of Hormuz has been effectively closed since shortly after the US and Israel launched airstrikes on Iran on 28 February.<\/p>\n\n\n\n
After the conflict began, Tehran threatened to attack vessels using the crucial waterway, through which around 20% of the world’s oil and liquefied natural gas (LNG) normally passes.<\/p>\n","protected":false},"excerpt":{"rendered":"
BBC: Oil prices have fallen and shares risen after the US and Iran said they had agreed a framework deal to end the war, which US President Donald Trump said would see the reopening of the key Strait of Hormuz shipping route. Brent crude, the global oil benchmark, dropped 4.7% to $83.24 (\u00a361.94) a barrel, and shares in Asia and Europe jumped in reaction to the deal. Pakistan, which has been mediating an end to the US-Iran war, said an official signing ceremony would be held on Friday, 19 June in Switzerland. Iran’s deputy foreign minister Kazem Gharibabadi confirmed in… <\/p>\n","protected":false},"author":1,"featured_media":58651,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-58650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-in-english"],"_links":{"self":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/58650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58650"}],"version-history":[{"count":1,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/58650\/revisions"}],"predecessor-version":[{"id":58652,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/58650\/revisions\/58652"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/media\/58651"}],"wp:attachment":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}