Oil prices continue slide amid hopes for peace, opening of Strait of Hormuz
Brent crude drops to lowest price since early March before signing of framework deal to end US-Israel war on Iran.
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Brent crude drops to lowest price since early March before signing of framework deal to end US-Israel war on Iran.
CEO Vlad Tenev said while the firm is in a strong financial position, it has been a ‘heavily-layered organization'.
Benchmark S&P 500 rises 1.7 percent, while tech-heavy Nasdaq jumps 3.1 percent.
Producers will need time to ramp up output, while port bottlenecks and heightened demand will keep US prices up.
Asian stock markets surge as Washington and Tehran announce agreement to end hostiles and reopen Strait of Hormuz.
Gold has been under pressure since the US and Israel launched a war against Iran in late February.
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Wall Street and Asian markets rally on hopes for an end to the US-Israel war on Iran.