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Economic Impact of Iran-US Deal on Global Oil Markets

pakistan-news
Pakistan News June 15, 2026
6 hours ago|6 hours ago|

A deal between the United States and Iran has been completed, resulting in a significant drop in oil prices, with reports indicating a 4% decrease. This agreement, which the US assented to, has sparked a major economic update and garnered reactions from global markets. Following the peace deal, celebrations have erupted in Iran. Concurrently, the Strait of Hormuz has opened, and oil supply has been restored. These developments were preceded by a big announcement from Trump.

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