US and Iran have reached an initial peace agreement to end their nearly four-month conflict, restore shipping through the Strait of Hormuz, and ease global energy disruptions. The deal, to be signed in Switzerland on June 19, also covers broader regional issues including Lebanon. This development has boosted market sentiment as oil supply concerns begin to ease.
US and Iran have reached an initial peace agreement, ending their four-month conflict and restoring shipping through the Strait of Hormuz. This deal, to be signed on June 19, aims to ease global energy disruptions and regional issues. Consequently, market sentiment is boosted as…
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