Brent crude fell to $73.98 and WTI dropped below $70 on Wednesday as 20 million barrels cleared the Strait of Hormuz in 24 hours and the US authorised Iranian oil sales.

2d ago · 4 min · Markets

US Vice President JD Vance rebuked Israeli critics of the US-Iran memorandum of understanding signed at Versailles, warning Israeli lawmakers not to attack their "only powerful ally." The deal opens the Strait of Hormuz and starts a 60-day timeline for a final agreement, with Iran's sanctions relief contingent on

5d ago · 4 min · Global Affairs

Jet fuel costs dropped sharply after a US-Iran interim peace deal, but airlines are expected to use the savings to rebuild margins rather than cut fares. Tight capacity, aircraft delivery delays, and weak budget carriers give major carriers unusual pricing power heading into the second half of 2026.

6d ago · 5 min · Business

Pakistan PM Shehbaz Sharif says a US-Iran peace deal, called the Islamabad Memorandum of Understanding, is expected to be signed electronically within 24 hours. The deal would formally end a conflict that began in February 2026 and nearly escalated again this week after strikes near the Strait of Hormuz.

8d ago · 4 min · Global Affairs

Oil prices fell Friday after President Trump announced a framework agreement with Iran, raising hopes of eased Middle East tensions and more Iranian crude supply. Tehran's pushback on the deal's characterisation keeps the outcome uncertain, and markets may reverse course if talks stall.

9d ago · 3 min · Global Affairs

President Donald Trump announced a formal US-Iran deal will be signed on Sunday, June 21, 2026. The agreement could reshape Middle East diplomacy, affect global oil supply, and reprice markets sensitive to regional stability.

10d ago · 3 min · Global Affairs

Asian stock markets surged and oil prices fell after the United States and Iran confirmed a deal to end hostilities and reopen the Strait of Hormuz. The agreement removes a major threat to global energy supply, cutting oil import costs for Asia and easing inflation pressure across key economies.

15d ago · 3 min · Global Affairs

President Trump said a first-stage deal to end the U.S.-Iran war could be signed as early as Sunday, but Iranian officials downplayed his timeline. Any signed agreement would move oil prices, Gulf markets, and regional security arrangements almost immediately.

16d ago · 4 min · Global Affairs

President Donald Trump announced on June 13, 2026 that the US and Iran have reached a "great settlement," with both sides finalising documents. A confirmed deal could trigger oil price moves and reshape Middle East security arrangements, though Iran has not yet publicly confirmed the agreement.

16d ago · 3 min · Global Affairs

Oil prices slipped while stocks edged higher as traders awaited President Trump's decision on a potential US-Iran nuclear deal. A completed agreement could return Iranian crude to global markets, pressuring oil prices even as reduced geopolitical risk supports equities.

1mo ago · 3 min · Global Affairs

President Trump said a Memorandum of Understanding with Iran on a peace deal is largely negotiated. If finalized, the agreement could trigger sanctions relief, reshape Middle East geopolitics, and push global oil prices lower.

1mo ago · 3 min · Global Affairs

The White House is waiting for Iran's response to a proposed deal to end the conflict, while President Trump prepares to meet Chinese President Xi Jinping in Beijing later this week. The two diplomatic tracks running simultaneously mark a high-pressure moment for US foreign policy.

1mo ago · 2 min · Global Affairs

Shell's CEO says the global oil market is short nearly 1 billion barrels as the Strait of Hormuz remains closed following conflict with Iran. The deficit grows every day without a resolution, with markets watching for a possible U.S.-Iran deal to reopen the key shipping lane.

1mo ago · 2 min · Global Affairs

The S&P 500 and Nasdaq Composite closed at fresh record highs Wednesday, lifted in part by a pullback in oil prices. Reports that a U.S.-Iran nuclear deal may be near drove crude lower, easing energy cost pressures across markets.

1mo ago · 2 min · Markets

Indian government bonds are set to extend gains Thursday as oil prices hold steady and sentiment improves on U.S.-Iran peace deal optimism. Stable or falling crude directly benefits India's current account and reduces inflation risk, supporting bond valuations. Traders will monitor any firm developments from U.S.-Iran

2mo ago · 1 min · Markets