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.
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.
The US and Iran have agreed on a memorandum of understanding to end a conflict that began with a US-Israeli bombing campaign. The deal, to be signed in Geneva, aims to reopen the Strait of Hormuz and includes a 60-day negotiation period for Iran's nuclear program. President Trump ordered the opening of the strait and the end of the US naval blockade.
The US and Iran have agreed on a memorandum of understanding to end the conflict and reopen the Strait of Hormuz. Israel rejects terms related to its actions in Lebanon, with PM Netanyahu stating Israel is not bound by those provisions. The deal is set to be signed in Geneva, with a 60-day window for nuclear program negotiations.
The US and Iran have reached an agreement on a memorandum of understanding to end a conflict that began February 28. The deal, to be signed in Geneva, aims to reopen the Strait of Hormuz and includes a 60-day negotiation period for Iran's nuclear program. President Trump announced the opening of the strait and the end of the US naval blockade.
Pakistan stated on Saturday that the US and Iran could finalize an agreement to end the Middle East war within 24 hours, citing optimism from both sides and ongoing negotiations. Prime Minister Shehbaz Sharif expressed confidence in the deal's imminent finalization, with electronic signing expected shortly after.
Donald Trump announced a potential peace agreement with Iran, causing oil prices to drop and the stock market to rise, just hours after threatening "very hard" strikes. This marks the 39th time Trump has declared imminent US-Iran talks, keeping markets volatile and traders on edge.
The Trump administration expressed 80-85% confidence in signing a peace agreement with Iran in the coming days to reopen the Strait of Hormuz, dismantle Iran's nuclear program, and allow US access to enriched material. A senior official stated the Iranian Supreme Leader is comfortable with the current text, and no sanctions relief will be granted initially.
Iran's Foreign Ministry spokesman denied US President Trump's claim of an approved preliminary peace deal, calling reports 'speculation.' The US claimed a settlement could be signed soon, involving sanctions relief and Iran's pledge against nuclear weapons.
Donald Trump announced on Truth Social that he has cancelled scheduled strikes on Iran, claiming a peace agreement is imminent and approved by Iranian leadership and allies. This comes amid ongoing exchanges of fire and despite Iranian news agency Tasnim urging dismissal of Trump's claims.
Donald Trump is demanding several Middle Eastern nations join the Abraham Accords as a condition for a potential deal with Iran. He listed Saudi Arabia, Qatar, Pakistan, Türkiye, Egypt, Jordan, UAE, and Bahrain, noting UAE and Bahrain are already members. Critics call it "trading one fantasy for another," while some, like Senator Lindsey Graham, praise the proposal.
The US and Iran are on the brink of war after a US fighter jet was downed over Iran, with both sides exchanging threats and accusations.
US President Donald Trump announced a peace agreement with Iran is "largely negotiated," involving multiple countries. However, Iranian media disputed terms regarding the Strait of Hormuz, stating Iran retains control.
US President Donald Trump announced a peace deal with Iran is "largely negotiated," involving several Middle Eastern nations. However, Iranian media disputed terms regarding the Strait of Hormuz, stating Iran would retain management.
Russian President Vladimir Putin and UAE President Mohamed bin Zayed Al Nahyan discussed the Middle East crisis and the situation around Iran in a phone call. Both leaders emphasized the importance of continuing political and diplomatic processes to achieve peace agreements that consider all regional states' interests.
David T. Pyne believes the EU cannot be trusted to negotiate a peace agreement ending NATO’s proxy war with Russia
Reaching a peace agreement is a very long process involving complex details, Kremlin Spokesman said
Kremlin Spokesman noted that both the path toward a peace agreement on Ukraine and "the path with Iran that the United States still has to go through" are lengthy processes full of highly complex details
According to him, reaching a peace agreement between Moscow and Kiev is "a very long path filled with very complex details"
Reaching an agreement, a peace agreement, is a very long path with complex details, the Kremlin spokesman said while commenting on remarks by US Secretary of State Marco Rubio that the US is ready to mediate Russian-Ukrainian negotiations only if there is progress
According to Viktor Medvedchuk, any peace agreement will immediately raise questions
Marco Rubio pointed out that the US "is very committed to this process"
CNN reports that the first stage of a potential Iran-US peace agreement could involve both sides returning to the status quo before the conflict began, including restoring free transit through the Strait of Hormuz. The second round of talks has not yet occurred, though intense diplomacy continues behind the scenes. On April 11, delegations met in Islamabad—Iran led by Parliament Speaker Mohammad Bagher Ghalibaf and the US by Vice President JD Vance—but no agreement was reached. The nuclear program issue would be addressed at a later stage.
