Oil prices slide after Pakistan announces deal between US and Iran

Oil prices slide after Pakistan announces deal between US and Iran 19 minutes agoShareSaveAdd as preferred on GooglePeter HoskinsBusiness reporterEPA/ShutterstockOil prices fell in early trade in Asia after Pakistan, which has been mediating an end to the US-Iran war, announced a deal that President Donald Trump said would see the reopening of the key Strait of Hormuz shipping route.Brent crude, the global oil benchmark, was 3.8% lower at $84.02 (£62.48) a barrel, while US-traded oil was down 4.1% at $81.40.Pakistan's prime minister Shehbaz Sharif said an official signing ceremony would be on Friday, 19 June in Switzerland.Trump later posted on social media “oil will flow”.The strait had been effectively closed since shortly after the US and Israel launched airstrikes on Iran on 28…

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