Oil price tumbles as Trump says Iran deal already signed | BBC News
President Trump says the deal to end the war with Iran has been signed and details will be released soon. The US president said the straight of Hormuz will be “completely open” by the end of this week.
Oil prices have fallen sharply on the hope that the key shipping lane through which around a fifth of the world’s oil and gas is carried will be open again. Stock markets also rose on the news, with hopes that the impact of the conflict on global prices of goods from food to fertiliser would prove to be temporary.
The deal also includes an end to Israel”s military operations” in Lebanon, according to Pakistan, the key mediator between the US and Iran. However Israel has made clear that it reserves the right to carry out military operations in Lebanon.
Israel’s Prime Minister Netanyahu said the “fight is not over” and Israel had to “remain vigilant” – and would remain in a “buffer zone” created in southern Lebanon.
Reeta Chakrabarti presents BBC News at Ten reporting by Jeremy Bowen and Dharshini David.
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42 Comments
Oil markets price in expectations, not just reality. This the tumble tells you traders believe this deal holds, but the risk premium will come back fast if it doesn't.
Absolute BS. It must be Regime change or nothing. Trump must continue the attacks until they fold. Otherwise we'll be back here in a few years.
If let's say a democrat takes the White House, then they'll get a nuclear weapon and as promised will deliver it to Israel. Then the USA will turn Iran into Glass, Is that what you on the left want?
But energy prices and petrol won't come down in the UK regardless
Israel is not a signatory to this MOU.
They been sidelined.
She looks very cross about it
Guys let's be selfish talking about oi, while human beings are dying tragically like insects. Let's talk about permanent peace deal so we don't see bloodshed again
It won't last long, they will soon be fighting again, iran don't do peace,
This would not have been necessary had it not been for that moronic imbecile Donald Trump and his illigal actions
Er hello? Most of the oil reserves are used up, oil tankers are out of position and many of the gas/oil installations have been bombed and won’t be in production for a year or more ? Trumps capitulation on yeah we’ve reached a deal then days later no deal reached is all to play the futures markets with tipping off his wall street cronies and they’ve made millions over the Iran conflict!😡
so what was the whole point of this? 😀 and did anyone get VERY rich on all this while others paid for the price?
The cause and foundation of the problems is Italy and France Paris and America in jesus mighty names Amen salam Aleikum,, wa Aleikum salam
So, those school kids died for?
They will never let you pay less 😅😢😂😂
bullsh
Its not a peace deal – its a 1 and a half page memorandum of understanding to pause fighting for 60 days while they neg. Something most can see Israel doing their best to blow up any neg (prob attacking Iran or Lebanon claiming they were attacked first at some point)
I hate to admit but Trump won again.
Iran no longer is a nuclear threat against Israel and the world. People who crowed about forever war and $200 oil is silent 😂
Peace out ☮️
Trump has clearly made as much money as he can from manipulating the stock market.
Iran's promised him a unicorn and a hand full of magic beans. In return, they get to keep the 'dust', charge Everyone for using the Strait, a long ceasefire, a claim on Lebanon and in 60 days time, the great pleasure of watching Turkey Trump on the spit again. Everyone knew this guy was dumb, but way under estimated just how dumb. UK and France shouldn't go anywhere near helping this clown in any way.
Seems legit….
Is Trump backing down on removal of Nuclear Material?? If so SUCH A BIG MISTAKE.
if people really thought we would get peace in iran before gta 6, they were kidding themselves lol
Trumps talking shite !!! He’ll do as Iran tells him to do !!!!!!
5 minute wonder.
Suppliers will continue to rip drivers off – it’ll take a long time for pump prices to drop.
There will never be peace as long as the Arab has a hole in his arse…..
I see no change at the pumps so…
Vladimir Putin is the main—and perhaps the only—beneficiary of the war between the U.S. and Israel against Iran. The conflict is driving up global energy prices, which helps the Russian budget, and is diverting U.S. resources away from Ukraine, creating strategic advantages for the Kremlin
so we all payed the price for the benji agenda 😏
IT'S ALL BULL SH FALS FLAG NEXT
Trump should pay for the damage he caused himself.
Trump and his money making schemes
I bet petrol and diesel doesn't tumble though.
Owesome Owesome
So what are the odds that Trump will renege on this "deal". He is an underhand corrupt snake, he can't be trusted.
real decisions happen fast
What British care about lebanese
Resumption of strikes by mid August.
Wait a week or two, then trump will blow up an Iranian “missile site” and the price will skyrocket again making him another fortune, sorry, he definitely didn’t rig the stock markets…😏
That was one costly little excursion was it not diaper Donald
Who in Iran are we even making deals with? You will never have peace with those believing in the hocus pocus ancient Islam
God bless the brave 🇺🇸.
Thank you 🇬🇧
Did anyone ask Iran if there’s a deal? Or just liar trump