Markets Rise on US-Iran Deal
Global markets welcomed a U.S.-Iranian agreement aimed at ending the conflict and reopening the Strait of Hormuz to commercial vessels. The announcement of the deal caused oil prices to drop by more than 4%, with West Texas Intermediate falling to $80.8 per barrel and Brent crude to $83.84. Meanwhile, gold prices increased by over 1%, reaching $4,297.42 per ounce. Equity markets around the world, especially in Asia, experienced strong gains following the agreement, with indices such as KOSPI, Nikkei, and Topyx rising, and US stock futures showing significant increases.
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