Timo Wollmershäuser

economist (ifo Institut - Leibniz-Institut für Wirtschaftsforschung an der Universität München e.V.)

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Jun 16
US and Iran agree on framework to end war and reopen Strait of Hormuz, boosting markets
A framework agreement between the United States and Iran to end the months-long war and reopen the Strait of Hormuz sent oil prices down 5% and lifted global stock markets on Monday, though economists cautioned that the economic damage would take time to heal.