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The agreement came after more than three months of stop-start negotiations and bouts of fighting since late February, roiling global energy and commodities markets.
Source
CNBC
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The rupee has emerged as Asia’s best performer over the past month.
Sara Vakhshouri, founder of SVB Energy International, says the oil market has adapted to the Strait of Hormuz disruption and prices could fall to pre-war levels if the waterway "truly" reopens. She speaks with David Ingles and Yvonne Man on Bloomberg's The China Show. (Source: Bloomberg)
A deal that could reopen the Strait of Hormuz within days has been met with caution among shipowners and traders, with many saying they would wait for more details in order to assess whether safe transits are possible after months of false starts.
Copper rose as an interim peace agreement between the US and Iran eased fears over global economic growth and stoked optimism for metals demand.
