Jacob Smith

15 Jun 2026

Global oil prices fell sharply after Pakistan announced a framework a… – Jacob Smith

Global oil prices fell sharply after Pakistan announced a framework agreement aimed at ending the US-Iran conflict. Brent crude dropped more than 4 percent as expectations grew that the vital Strait of Hormuz shipping route could reopen. Pakistan’s Prime Minister Shehbaz Sharif said a formal signing ceremony is planned in Switzerland, while officials from both Washington and Tehran confirmed progress toward a finalized agreement. #OilPrices #Iran #UnitedStates #GlobalEconomy