- Preliminary deal reached between the US and Iran to end the conflict, with the signing of a memorandum of understanding scheduled.
- Pakistan mediated a U.S.-Iran peace deal, which is set to be signed in Switzerland. The deal involves Iran clearing mines in Hormuz, causing market shifts.
Global oil benchmarks fell after the US-Iran peace deal was reached, which the International Energy Agency is monitoring.
1 report, 1 independent
Updated Jun 13
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What happened
Global oil benchmarks fell after the US-Iran peace deal was reached, which the International Energy Agency is monitoring.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Pakistan mediated a U.S.-Iran peace deal, which is set to be signed in Switzerland. The deal involves Iran clearing mines in Hormuz, causing market shifts.Also in this story
- Amid the closure of the Strait of Hormuz, the unnamed body mediated the Islamabad Agreement, leading to declarations about future price returns based on past incursions.
- While preparing for the G7 summit in Evian, Trump insists a deal could potentially re-open the Strait of Hormuz.
The entities involved
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International Energy Agency
autonomous intergovernmental organisation
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Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)