𝗨𝗦 𝗜𝗿𝗮𝗻 𝗣𝗲𝗮𝗰𝗲 𝗗𝗲𝗮𝗹 𝗠𝗼𝘃𝗲𝘀 𝗚𝗹𝗼𝗯𝗮𝗹 𝗠𝗮𝗿𝗸𝗲𝘁𝘀

𝗨𝗦-𝗜𝗿𝗮𝗻 𝗣𝗲𝗮𝗰𝗲 𝗗𝗲𝗮𝗹 𝗠𝗼𝘃𝗲𝘀 𝗚𝗹𝗼𝗯𝗮𝗹 𝗠𝗮𝗿𝗸𝗲𝘁𝘀

The United States and Iran reached a framework agreement to end their conflict. This deal includes the removal of the US naval blockade of Iran and the reopening of the Strait of Hormuz.

Market Reactions:

• Asian stocks rose significantly. Japan's Nikkei 225 increased 5.4%. South Korea's Kospi rose nearly 5%.
• Oil prices fell sharply. Brent crude dropped more than 4% to 84 dollars per barrel. US West Texas Intermediate fell over 5% to near 80 dollars per barrel.
• The US dollar reached its lowest level since June 5. The dollar index fell 0.31% to 99.492.
• Gold prices increased 2%. Spot gold rose to 4,304.11 dollars per ounce.
• The Euro rose 0.35% to 1.1607. The British pound gained 0.3% to 1.3448.

Agreement Details:

• The Strait of Hormuz will reopen for shipping immediately.
• The US naval blockade of Iran ends.
• Iran will begin obligations under the understanding this Friday.
• A formal signing ceremony will take place in Switzerland.
• Negotiations regarding the Iranian nuclear program and sanctions relief will continue for 60 days.

Source: The Times of India