Markets in Asia, Europe and US move higher after Iran says it will permit ‘non-hostile’ ships through strait of Hormuz
The price of oil has dipped and stock markets around the world have moved higher on reports that the US has sent a 15-point framework for peace to Iran, amid hopes of a ceasefire in the Middle East.
Positive sentiment may also have been bolstered by reports that Iran had announced it was permitting “non-hostile” ships to pass safely through the strait of Hormuz, in a move that could help to reopen the vital shipping lane.
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