Brisbane Times
·general
·1 hour ago
Global stocks surge as U.S.-Iran deal hopes push oil prices lower
Global stock markets surged on hopes of a U.S.-Iran deal to reopen the Strait of Hormuz for oil shipments. Brent crude fell 7.6 percent to $101.56 per barrel, with President Trump saying the strait could be "OPEN TO ALL" if Iran accepts reported terms. Australia's ASX is set to jump 1.1 percent at open, tracking broad gains across world markets.
Summary by Glance · Brisbane Times
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