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US Futures, Global Stocks Surge, Oil Tumbles On Iran Deal

Global markets soared in a risk-on rally following the announcement of a US-Iran deal Sunday night. Stocks and bonds rallied while oil tumbled to a three-month low after the US and Iran said they have reached an interim agreement to reopen the Strait of Hormuz and halt the war. This will provide a 60-day window for …

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Shipping companies welcome Hormuz reopening, so long as safety is guaranteed | The National

Navigational safety and security will be central to the restoration of shipping activity along the Strait of Hormuz, shipping operators and experts said on Monday while welcoming the announcement from the US and Iran to reopen the waterway in the Arabian Gulf and end the three-month-old war.

Original report

From reopening the Hormuz to securing critical minerals, this week's G7 summit is all about sharing resources | The National

When US President Donald Trump refused to sign the communique at the G7 summit in Canada in 2018, it ended up formalising the split in the western-led bloc. The American leader, who is scheduled to arrive in France on Monday for another gathering of the grouping, is not the sort to reflect on how much he has since c…

Original report

Live updates: Trump heads to G7 summit

The United States and Iran have reached an initial agreement to end their war and open the Strait of Hormuz, offering relief to the Gulf region and global economy more than three months since fighting began. Iran’s deputy foreign minister, Kazem Gharibabadi, confirmed the agreement on state television but said Iran …

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