US–Iran peace deal hits oil and lifts stocks
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A US–Iran peace agreement to halt nearly four months of fighting, including in Lebanon, sent oil lower and global stocks higher as markets priced in a planned Friday signing.
President Donald Trump says the deal will reopen the Strait of Hormuz and could release about 100 million barrels of stranded crude, though analysts expect full supply normalisation to take months.
Conflicting narratives from Washington and Tehran plus more than US$310 million riding on prediction markets show investors still question whether a permanent settlement will hold after earlier draft rejections.
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