Oil prices fall below $100 a barrel as Trump hails ‘great progress’ on Iran deal
Markets rally as US president announces ‘short’ pause to operation escorting ships through strait of HormuzBusiness live – latest updatesOil prices have fallen below $100 and stock markets rose as Donald Trump touted “great progress” towards a “final agreement” with Iran, and Tehran indicated it was ready to reopen the strait of Hormuz.The US president said he would briefly pause his “Project Freedom” operation escorting ships through the strait, which carries about a fifth of the world’s oil supplies but has been blockaded by Iran since late February, triggering a global energy crisis. Continue reading...
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