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Breaking Posted 3 hours ago

US-Iran Peace Deal Signals Oil Supply Return, Truce Fragile

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Markets rallied after Trump signed a draft peace deal with Iran, promising to reopen the Strait of Hormuz to oil and gas flows. However, Switzerland peace talks were abruptly cancelled on Friday, raising doubts about the truce's durability and keeping energy markets on edge. GBP/USD and EUR/USD are in focus as lower energy prices could ease UK and European inflation, shifting rate expectations. Oil-linked pairs like USD/CAD and USD/NOK may also react sharply to any further developments in the deal's status.
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