The US and Iran reached an interim peace agreement to reopen the Strait of Hormuz and move further toward ending a 15-week war that’s wrought chaos across the Middle East and reverberated through the global economy.
The development caused equities and bonds to jump at the start of the week, while oil and natural gas prices — which soared with the strait’s closure — slumped.
US President Donald Trump, under pressure as rising fuel costs hit him and his Republican Party ahead of midterm elections in November, hailed a “great deal that will bring peace and security to the ...
