Oil prices plunged more than 4% on June 15, after the U.S. and Iran reached an agreement to end the West Asia war.
West Texas Intermediate was down 4.39% at $81.15 a barrel in Tokyo, after mediator Pakistan said the U.S. and Iran agreed a peace deal and an “immediate and permanent” end to military operations on all fronts, including Lebanon.
Japan’s Nikkei jumps by 3%, and South Korea’s Kospi up 4% after US-Iran peace deal. The sudden diplomatic breakthrough triggered a massive relief rally across Asian markets, which had previously been highly volatile due to escalating tensions.
The U.S. Dollar fell 0.31% to 99.492 on June 15, a 10-day low against its major peers, as the USA had agreed to a peace deal with Iran which sent oil prices tumbling and boosted demand for riskier assets.
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