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  "path": "/latest/oil-prices-fall-in-global-market/",
  "publishedAt": "2026-06-15T06:28:31.000Z",
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    "Latest",
    "World",
    "US-Iran peace deal: Oil prices fall further in global market",
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  "textContent": "WEB DESK: Global financial markets rallied sharply on Monday after the United States and Iran confirmed a breakthrough agreement to end hostilities and reopen the strategic Strait of Hormuz, easing fears of major disruptions to global energy supplies.\n\nThe development triggered a broad “risk-on” sentiment across international markets, with investors responding positively to signs of de-escalation in a conflict that had fuelled volatility for months. US crude was reported to have dropped around five per cent to $80.60 per barrel, while Brent crude declined 4.63 per cent to $83.29 per barrel.\n\nEquity markets surged while crude oil prices retreated on expectations of improved supply flows through one of the world’s most critical shipping corridors, according to _Al Jazeera._\n\n#### Asian markets surge on peace optimism\n\nStock markets across Asia recorded strong gains in early trading, with major indices climbing more than five per cent as investors welcomed the diplomatic breakthrough.\n\nFutures linked to Wall Street also moved higher, signalling growing optimism that global economic conditions may stabilise following prolonged geopolitical uncertainty.\n\nAnalysts said the agreement has significantly improved investor confidence by reducing the risk of disruptions to maritime trade routes and energy shipments, particularly through the Strait of Hormuz, which carries a substantial share of global oil exports. The easing of tensions has been widely interpreted as a positive signal for global trade and inflation outlooks.\n\n#### Oil prices decline on easing supply fears\n\nIn contrast, crude oil markets came under pressure as fears of supply shortages receded. Brent crude slipped by more than four per cent, while US benchmark West Texas Intermediate also fell sharply.\n\nMarket observers noted that easing geopolitical risks are likely to reduce inflationary pressures globally, potentially influencing central bank policy decisions in the months ahead.\n\nThe post US-Iran peace deal: Oil prices fall further in global market appeared first on HUM News English.",
  "title": "US-Iran peace deal: Oil prices fall further in global market"
}