Asian stocks surge, oil prices plunge on U.S.-Iran peace deal announcement
By
Lee Ying Shan
10h ago· 3 min readenNews
80/100
Golden Brown
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Crisp on the outside, thoughtful on the inside. A keeper.
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Summary
Asian stocks rallied and oil prices tumbled after the U.S. and Iran agreed to a peace deal to end nearly four months of conflict. U.S. crude futures fell 4.77% to $80.83/barrel, while South Korea's Kospi jumped 5.1% and Japan's Nikkei 225 climbed 3.6%. However, some investors caution that the deal has yet to be formally signed.
Key quotes
· 3 pulledAsian stocks rallied Monday while oil prices tumbled after the U.S. and Iran agreed to a peace deal aimed at ending nearly four months of conflict
U.S. crude oil futures for July delivery were down 4.77% to $80.83 per barrel by 8:27 p.m. ET
South Korea's Kospi jumped 5.1%, Japan's Nikkei 225 climbed 3.6%
Asian stocks rallied Monday while oil prices tumbled after the U.S. and Iran agreed to a peace deal aimed at ending nearly four months of conflict.
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