Iran has sharply rebuked Donald Trump after he threatened severe consequences if Tehran closes the Strait of Hormuz again, even as both countries continue delicate peace negotiations in Zurich.
Oil prices fell sharply after the US and Iran signed a peace agreement to end months of conflict and begin 60 days of negotiations.
Global crude oil prices fell sharply on Monday after the United States, Israel and Iran reached an agreement to end the Middle East conflict and reopen the critical Strait of Hormuz shipping route. Brent crude, the international oil benchmark, declined by five per cent to $82.90 per barrel. This marks the first time oil has…
