\t\t\t\t\t \t\t\t\t\t \t\t\t\t\t The announcement that the United States and Iran have reached an agreement to reopen the Strait of Hormuz triggered a strong reaction across global markets.<\/p>\n
Oil prices fell sharply on expectations that energy flows through one of the world\u2019s most important shipping routes will return to normal, while equity futures on Wall Street rose and stock markets across Asia-Pacific posted gains.<\/p>\n
Investors viewed the agreement as a significant step toward de-escalating tensions in the Persian Gulf and reducing risks to global energy supplies.<\/p>\n
Brent crude, the international benchmark, fell more than 5% to US$82.91 per barrel, while US West Texas Intermediate crude dropped 5.5% to US$80.21. Both benchmarks touched their lowest levels since early March.<\/p>\n
Despite the decline, oil prices remain about US$10 per barrel above where they traded before hostilities began in late February, suggesting a full return to pre-conflict levels could take months.<\/p>\n
The Strait of Hormuz, which links the Persian Gulf to the Gulf of Oman, handles roughly one-fifth of the world\u2019s traded oil. Any disruption to traffic through the waterway typically triggers sharp price swings and raises concerns about the global economic outlook.<\/p>\n
The prospect of a lasting reopening also boosted investor sentiment across Asia-Pacific markets. Japan\u2019s Nikkei 225 jumped 5.33%, while China\u2019s Shanghai Composite gained 1.61%. Hong Kong\u2019s Hang Seng Index rose a more modest 0.50%.<\/p>\n
Argentine assets also joined the global rally. Despite Monday\u2019s public holiday marking the commemoration of General Martn Miguel de Gemes, Argentine bonds and shares traded abroad moved higher following news of the provisional peace agreement.<\/p>\n
Argentina\u2019s country risk index fell 12 points, or 2.75%, to 425 basis points, according to Rava Burstil. The decline brought the indicator close to levels not seen in more than eight years.\u00a0<\/p>\n
Agreement to be signed Friday Iran\u2019s state news agency IRIB reported that the agreement with the U.S. will be formally signed on Friday, citing the country\u2019s Supreme National Security Council.<\/p>\n
According to the report, the deal includes an immediate ceasefire and the lifting of the naval blockade in the region.<\/p>\n
The reopening of the Strait of Hormuz is particularly significant for Asian economies, many of which depend heavily on oil and natural gas imports from the Persian Gulf.<\/p>\n
Several governments, including Australia, New Zealand, and Turkey, welcomed the initiative and called for further negotiations aimed at securing a lasting settlement.<\/p>\n
Questions remain, however, about the precise scope of the agreement and how it will be implemented.<\/p>\n
US President Donald Trump warned that Washington could reimpose pressure measures if negotiations fail to produce a final agreement on Iran\u2019s nuclear program, leaving open the possibility of renewed volatility in the region.<\/p>\n
Uncertainty also remains over whether the ceasefire will hold, particularly given questions about Israel\u2019s position on the agreement and whether all parties involved in the conflict will fully adhere to its terms.<\/p>\n
With information from mbito<\/p>\n","protected":false},"excerpt":{"rendered":"
The announcement that the United States and Iran have reached an agreement to reopen the Strait of Hormuz triggered a strong reaction across global markets. Oil prices fell sharply on expectations that energy flows through one of the world\u2019s most important shipping routes will return to normal, while equity futures on Wall Street rose and […]<\/p>\n","protected":false},"author":10,"featured_media":77031,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[673,3683,11104,63,256,306],"tags":[1475,8092,11102,1692,902,904],"class_list":["post-77030","post","type-post","status-publish","format-standard","has-post-thumbnail","category-energy","category-iran","category-iran-war","category-markets","category-united-states","category-world","tag-energy","tag-iran","tag-iran-war","tag-markets","tag-united-states","tag-world"],"_links":{"self":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/posts\/77030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/comments?post=77030"}],"version-history":[{"count":0,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/posts\/77030\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/media\/77031"}],"wp:attachment":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/media?parent=77030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/categories?post=77030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/tags?post=77030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}