Oil prices crash on US-Iran deal announcement
Global oil prices plunged as news broke of a US-Iran agreement to end the war. Markets surged while crude futures dropped sharply, with Trump confirming the deal will be signed on Friday. The reversal marks a dramatic shift from months of war-driven price spikes.
Despite the breakthrough deal, the status of Iran's nuclear stockpile and enrichment program remains unresolved. Analysts warn that this issue was a core focus of Trump's approach and will be central to the next phase of negotiations. The framework leaves critical non-proliferation questions for the coming talks.
The US and Iran are set to formally sign a peace deal this Friday, with Pakistan playing a key mediating role. Trump allies have celebrated the announcement while Democrats are demanding greater clarity on the terms. Chinese and Asian media are closely covering the diplomatic breakthrough.