Middle East Oil Peace
Oil prices fell and stocks jumped over hopes that the US and Iran will reach a deal to end their war in the Middle East. Brent crude oil, the international benchmark, fell as much as 1.4pc to a two-month low of $92.40 overnight as traders bet on a breakthrough that would allow the reopening of the Strait of Hormuz. Stock markets in Japan and Taiwan surged by more than 2pc, with South Korea up over 3pc and Australia was up more than 1pc. The FTSE 100 in London edged up 0.1pc. Around a fifth of the world’s oil and gas…
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