Oil prices fell in early trading on Thursday after the US and Iran signed an interim agreement that would end the Iran war, reopen the Strait of Hormuz and waive US sanctions on ‌Tehran’s oil, resolving the largest energy supply disruption in history. Brent crude futures down 1.12% at $78.66 per barrel and US West Texas Intermediate falls 1.28% to $75.81 per barrel.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Pak-China 70-year successful relationship is proof of its unique strength, said Shah Mehmood Quraishi

Shah Mehmood Qureshi, Pakistan’s foreign minister, said in his statement that Pak-China’s…

Satellite images show damage inside Iran’s Bushehr nuclear power plant

The US attacks on the Iranian city of Bushehr was not the…

Hamas vows ‘full force’ after Israel steps up Gaza ground operations

Hamas said that its fighters in Gaza were ready to confront Israeli…