Global oil prices dropped sharply after a ceasefire agreement between the United States, Israel and Iran eased fears of supply disruption.

Fears that the ceasefire could fall apart while crude remains stuck in the Strait of Hormuz saw West Texas Intermediate oil jump around 3 per cent and Brent rise more than 2 per cent.

TOKYO, April 9 : The dollar caught its breath in early Thursday trade after broad losses, as investors anxiously assessed whether a fragile two-week ceasefire between the United States and Iran would hold.The dollar index,, which measures the greenback against a basket of currencies including the yen and the

Oil prices are rising again and Asian stocks are trading lower on skepticism over a fragile ceasefire between the U.S. and Iran.

New Delhi: Global oil prices fell sharply while stock markets rallied after the United States and Iran agreed to a conditional two-week ceasefire, easing geopolitical tensions. Benchmark Brent crude dropped below $100, falling nearly 15.9 per cent to $92.30 per barrel, while US-traded oil declined about 16.5 per cent to $93.80. The sharp decline in […]

Global markets reacted sharply after US President Donald Trump stepped back from imminent military action against Iran, instead tying a suspension of strikes to Tehran’s agreement to a temporary ceasefire and the reopening of the Strait of Hormuz. Within minutes of the announcement, oil prices tumbled, falling by nearly 15 percent, while equities surged across Asia.

TOKYO, April 9 : The dollar remained on shaky footing on Thursday after broad losses, as investors anxiously assessed whether a fragile ceasefire between the United States and Iran would hold.The ceasefire deal appeared to be on thin ice, as Israel continued its parallel war against the Iran-aligned militia

TOKYO, April 9 : The dollar remained on a shaky footing on Thursday after broad losses, as investors anxiously assessed whether a fragile two-week ceasefire between the United States and Iran would hold.The ceasefire deal appeared to be on thin ice, as Israel continued its parallel war against the Iran-aligne

Oil prices have risen, while stocks have declined due to concerns regarding the fragile US-Iran ceasefire, following a significant bombardment of Lebanon

After Iran, the U.S. and Israel agreed to a two-week ceasefire, Iran closed the Strait of Hormuz due to Israeli strikes in Lebanon.