THENATIONALPULSE (Pulse Wires) - Trump-Iran Deal Sends Price of Oil Sliding.
The U.S.-Iran agreement to end hostilities and reopen the critical Strait of Hormuz shipping route has led to a decline in oil prices, but the Federal Reserve's interest rate outlook has unsettled stock markets.
The U.S.-Iran agreement to end hostilities and reopen the critical Strait of Hormuz shipping route has led to a decline in oil prices , but the Federal Reserve’s interest rate outlook has unsettled stock markets. PULSE POINTS WHAT HAPPENED: Oil prices fell further on Thursday after the U.S. and Iran signed a deal to end their conflict and reopen the Strait of Hormuz, a vital passage for global oil and fertilizer shipments. DETAIL: The agreement between President Donald J. Trump and his Iranian counterparts aims to end hostilities between Washington and Iran, which previously led to an Iranian blockade of the Strait of Hormuz, spiking global energy prices, and a U.S. blockade of Iran. However, the Federal Reserve’s decision to…Open