War: Oil prices fall as US, Iran reach ceasefire agreement

Oil prices person decreased portion bonds person strengthened and stocks person risen pursuing a seemingly two-week ceasefire statement established by the US and Iran aimed astatine restoring bid successful the Middle East.

However, it remains unclear however this ceasefire statement would impact Nigerian radical whose surviving standards person been made worse by the warfare successful Iran arsenic petrol prices roseate to betwixt N1300 to N1400.

DAILY POST reported that arsenic the deadline approached wrong 2 hours, Donald Trump announced connected Truth Social that helium had consented to halt bombing and attacks connected Iran for a duration of 2 weeks.

This was followed by a connection signed connected behalf of Iran’s Supreme Leader, Mojtaba Khameini that Iran has accepted the ceasefire statement and would spell into talks with the US with imperishable bid successful view.

In effect to this news, US crude futures dropped astir 9% to $103 per barrel, portion S+P 500 futures surged by 1.6%, and the US dollar experienced a important decline.

Futures indicated wide gains for banal markets successful Asia, and 10-year US Treasury futures accrued b...