AssetID: 55776023
Headline: UNCAPTIONED: Oil Prices Slide After US And Iran Announce Framework Deal
Caption: Oil Prices Slide After US And Iran Announce Framework Deal. Oil prices have fallen sharply and global stock markets have risen after the United States and Iran announced a framework agreement aimed at ending their conflict. President Donald Trump said the deal would lead to the reopening of the Strait of Hormuz, a crucial shipping route for global energy supplies. Brent crude dropped almost five percent following the announcement, while shares across Europe and Asia moved higher. Pakistan, which has been helping mediate negotiations, said a formal signing ceremony is expected to take place in Switzerland later this month. Iranian officials also confirmed that an agreement had been finalised. However, market analysts cautioned that uncertainty remains because few details of the deal have been made public. The Strait of Hormuz has been largely closed since the conflict began earlier this year, disrupting a route that normally carries around a fifth of the world’s oil and liquefied natural gas supplies. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,oil prices,slide,US,Iran,announce,framework deal,United States,Donald Trump,Israel,conflict,Strait of Hormuz,reopen,gas,crude oil,brent crude,Pakistan,Switzerland
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