international
Oil prices fall, stocks rally as US, Iran sign framework to end war
Key takeaways
- Brent crude drops as much as 1.6 percent, while key stock indices in Japan, South Korea and Taiwan climb.
- Brent crude fell as much as 1.6 percent on Thursday morning in Asia, returning the international benchmark to almost exactly where it was 24 hours previously.
- Brent futures for delivery in August stood at $78.23 as of 04:00 GMT, only about 7 percent higher than before the US and Israel launched their war on Iran on February 28.
Why this matters: an international story with cross-border implications worth tracking.
Brent crude drops as much as 1.6 percent, while key stock indices in Japan, South Korea and Taiwan climb.
xwhatsapp-strokecopylinkgoogle Add Al Jazeera on Googleinfo Vessels seen from Musandam, Oman, on June 16, 2026 [Stringer/Reuters]By John Power Published On 18 Jun 202618 Jun 2026Oil prices have dropped following the United States and Iran’s signing of an interim peace agreement, resuming a slide interrupted by US President Donald Trump’s warning that he could restart his military campaign.
Brent crude fell as much as 1.6 percent on Thursday morning in Asia, returning the international benchmark to almost exactly where it was 24 hours previously.
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