Global financial markets reacted positively after the United States and Iran announced that they had reached a framework agreement to end the war, triggering a drop in oil prices and a surge in stock markets across Asia and Europe.
Brent crude, the global benchmark for oil prices, fell by 4.7% to $83.24 per barrel, while major stock indices recorded strong gains following news of the deal. Investors responded positively to the prospect of reopening the Strait of Hormuz, a critical route for global oil transportation.
According to reports, Pakistan is mediating efforts to end the conflict, with an official signing ceremony scheduled for June 19 in Switzerland.
Iran’s Deputy Foreign Minister Kazem Gharibabadi confirmed that the agreement with the U.S. has been finalized, while U.S. President Donald Trump posted on social media: “Let the oil flow!”
Despite the positive market reaction, analysts warn that the lack of detailed information about the agreement could create renewed uncertainty. Energy market experts say volatility may continue in the coming period.
The Strait of Hormuz, through which around 20% of the world’s oil and liquefied natural gas passes, was partially disrupted during the conflict, further shaking global energy markets.
Asian stock markets saw strong gains, with Japan’s Nikkei 225 rising by 5% and South Korea’s Kospi up by 5.2%. In Europe, Germany’s DAX and France’s CAC 40 rose by about 1.7%, while the UK’s FTSE 100 increased by 0.6%.
Experts caution that normalization of traffic through the Strait of Hormuz will not happen immediately, as tankers and production systems will take weeks to fully return to normal operations.
Retired U.S. Navy Admiral Mark Montgomery said that full stabilization of maritime traffic and energy markets could take up to 45 days.
