The supply of oil and gas may normalise within months if a Middle East peace deal holds, but lag effects may still push the cost of food and building materials higher.
Donald Trump has lashed out at critics of his Iran peace deal, as he points to record stock market highs and tumbling oil prices as proof the agreement is working.
US Vice President JD Vance has announced the official start of the next phase of negotiations with Iran following the conclusion of a framework agreement.
Donald Trump and Iran’s President have shocked the world, rushing through a digital, remote signing of their memorandum of understanding to end the war.
A senior US administration official has confirmed details of a framework agreement between the United States and Iran due to be formally signed in Switzerland.
Military hawks within the Republican Party are directing their ire over the still-unclear Iran deal toward the Vice President, more so than Donald Trump.
The US President warned Wednesday’s G7 summit that if he doesn’t like the ceasefire deal with Tehran, America would go back to ‘dropping bombs on their head’.
As Donald Trump hails a historic US-Iran agreement and falling oil prices, Benjamin Netanyahu has issued a stark reminder that ‘the struggle is not over’.