Analysts suggest oil prices could remain volatile despite a tentative US-Iran peace deal. Declining global inventories and potential further supply disruptions mean prices may rise, impacting economies, especially in South Asia. Asian markets reacted positively to the news, with oil prices falling.
Bitcoin (BTC) surged towards $66,000 as a US-Iran peace deal spurred risk assets higher. Oil prices dropped, while US stock futures soared. Traders anticipate a short-term target of $69,000, supported by whale buying near $60,000, though overall demand weakness raises concerns.
US President Donald Trump lauded Russian President Vladimir Putin and Chinese leader Xi Jinping for their contributions to a peace settlement with Iran. The deal, mediated by Pakistan and Qatar, includes provisions on reopening the Strait of Hormuz, easing sanctions, and unfreezing assets.
The South Korean won reached a near two-week high against the dollar on Monday, driven by optimism over a preliminary peace deal between the US and Iran. The won's strength coincided with foreign investors becoming net buyers of local stocks, boosting the KOSPI index.
Seoul stocks closed sharply higher Monday, with the KOSPI index surging 5.2% to 8,545.98, driven by an agreement between the US and Iran to end their war. The Korean won also rose significantly.
Global oil prices dropped and stock markets surged as optimism grew for a US-Iran peace deal, potentially reopening the Strait of Hormuz and ending a major energy supply crisis. Brent crude fell below $84/barrel, while European and Asian markets rallied.
Congress leader Jairam Ramesh welcomed the US-Iran peace agreement but criticized PM Modi's "blind devotion" to Israel, linking it to the Middle East conflict and Pakistan's increased regional influence.
Seoul stocks closed sharply higher Monday, with the KOSPI index surging 5.2% to 8,545.98, driven by an agreement between the US and Iran to end their conflict. The Korean won also saw a significant rise.
Seoul stocks surged Monday, with the KOSPI index climbing over 5% to surpass 8,500 points. The rally was driven by an agreement between the US and Iran to end their conflict, prompting a risk-on sentiment and significant buying from foreign and institutional investors. A sidecar was triggered due to the rapid gains.
UN Secretary-General Antonio Guterres welcomed the announcement of a peace deal between the US and Iran, citing an immediate ceasefire, reopening of the Strait of Hormuz, and a framework for future talks as critical steps towards conflict resolution.
A US-Iran peace deal ending a 107-day conflict is set to reopen the Strait of Hormuz, expected to boost India's exports to West Asia, stabilize the rupee, and ease inflation.
Asian markets and European futures rallied Monday following a tentative US-Iran peace agreement, which is expected to ease global inflation and reduce central bank rate hike pressure. Oil prices dropped significantly, with Brent crude falling 4.7% to $83.24 a barrel.
Asian markets and European futures surged, while oil prices dropped significantly following a tentative peace agreement between the US and Iran. The deal is expected to ease global inflationary pressures, potentially reducing the need for further interest rate hikes by central banks.
Global oil prices dropped significantly as optimism grew for a US-Iran peace deal, potentially reopening the Strait of Hormuz and restoring Gulf oil exports. Brent crude fell below $84 a barrel, reaching its lowest since early March.
Pakistan's PM Shehbaz Sharif announced a peace deal between the US and Iran, with a signing ceremony scheduled for June 19 in Switzerland. Both sides agreed to terminate military operations, including in Lebanon. Trump confirmed the deal and authorized the end of the US naval blockade in the Strait of Hormuz.
Shipping traffic in the Strait of Hormuz remains minimal following the announcement of a US-Iran peace deal, with analysts expressing uncertainty about the timeline and specifics of restoring normal operations. Hundreds of commercial ships are stranded as details of the agreement's implementation, including potential asset releases, are still unclear.
Asian stocks surged and oil prices plunged as markets reacted to news of a potential US-Iran peace deal. Investors are unwinding geopolitical risk premiums, with oil futures dropping significantly and equities like South Korea's Kospi and Japan's Nikkei 225 showing strong gains.
Stock markets in Japan, South Korea, Taiwan, and Australia surged following the announcement of a framework to end the US-Iran war. Brent crude oil prices fell significantly as the deal promises the reopening of the Strait of Hormuz.
Major Asian stock markets, including Japan's Nikkei 225 and South Korea's Kospi, surged significantly following the announcement of a peace deal between the US and Iran. Brent crude futures fell over 4%.
South Korean stocks surged Monday, with the KOSPI rising 5.02% to 8,531.41, following news of a US-Iran agreement to end their Middle East war and reopen the Strait of Hormuz. Oil prices also fell on the peace deal.
South Korean stocks opened sharply higher Monday following news of a US-Iran agreement to end their Middle East conflict and reopen the Strait of Hormuz. The KOSPI index surged 4.95% as oil prices dropped on the peace deal.
Pakistan's Prime Minister Shehbaz Sharif announced on X that a peace deal between the US and Iran has been reached, with a signing ceremony set for June 19 in Switzerland. The agreement reportedly includes an immediate and permanent termination of military operations on all fronts.
US Vice President JD Vance described the newly reached peace deal between the United States and Iran as a significant victory for America, emphasizing that it ensures Iran will not acquire nuclear weapons.
President Donald Trump announced on Truth Social that the US and Iran have agreed to a peace deal to end the war. He authorized the reopening of the Strait of Hormuz and the removal of the US naval blockade.
