US-Iran Peace Agreement Prompts Stock Rally, Leaves Some Investors Skeptical and Questions on Speed of Resuming Oil Production
AI Summary
"Asian stocks rallied Monday while oil prices tumbled," reports CNBC, "after the U.S. and Iran agreed to a peace deal aimed at ending nearly four months of conflict..." The strongest reaction was seen in energy markets. crude oil futures for July delivery were down 4.77% to $80.83 per barrel by 8:27 p.m.
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