Tony Sycamore
- Jun 18
US and Iran sign interim peace deal, reopening Strait of Hormuz as oil prices tumble
The US and Iran have signed an interim peace agreement to end their three-month war, reopening the Strait of Hormuz and waiving oil sanctions. Oil prices tumbled as markets priced in the return of Iranian crude, though Donald Trump threatened to resume bombing if commitments are not met.
- May 30
Markets Rally on Hopes of U.S.-Iran Ceasefire Extension and Hormuz Reopening as Trump Weighs Final Decision
Global markets surged toward record highs and oil prices suffered their steepest weekly drop in months on Friday, driven by reports that the U.S. and Iran have reached an outline for a 60-day ceasefire extension and the reopening of the Strait of Hormuz, pending President Trump's final approval.
