Stock markets around the world rallied and oil prices fell after the United States and Iran reached an agreement to extend the ceasefire and reopen the Strait of Hormuz.
The US stock index Es and Pi 500 rose by 1.7 percent, and the Dow Jones industrial index strengthened by 1.2 percent. Nasdaq is up by 1.2 percent.
The price of a barrel of Brent crude oil fell by 4.7 percent, to 83.25 dollars, which was at the beginning of March.
Around the world, there is hope that lower oil prices will reduce the pressure on households and businesses, which, due to the war with Iran, had to pay higher prices for everything from food to fuel to fertilizers, reports AP.
Iran has confirmed the agreement but has signaled that its implementation will not begin until it is signed, which Pakistan has announced will happen on Friday in Switzerland.
Broader talks on issues such as Iran’s nuclear program are expected to continue over the next 60 days.
