U.S. and Iranian officials said they reached a preliminary agreement to end the war and reopen the Strait of Hormuz, a major de-escalation that sent oil prices falling. The pact is not final, however, as Tehran's nuclear program remains unresolved and will be handled in further negotiations. The biggest immediate market effect is on crude and broader energy markets, given the strategic importance of the Strait of Hormuz to global oil flows.
U.S. and Iranian officials said they reached a preliminary agreement to end the war and reopen the Strait of Hormuz, a major de-escalation that sent oil prices falling. The pact is not final, however, as Tehran's nuclear program remains unresolved and will be handled in further negotiations. The biggest immediate market effect is on crude and broader energy markets, given the strategic importance of the Strait of Hormuz to global oil flows.
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mildly positive
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