Business sector welcomes Iran pact (opens original article in a new tab)

The US and Iran signed a deal to end their war and reopen the Strait of Hormuz, leading to falling oil prices and potential economic benefits for Thailand, though uncertainties remain about the agreement's details and implementation.

• US and Iran signed a deal to end their war and reopen the Strait of Hormuz
• Oil prices fell after the deal, potentially easing inflation and supporting economic growth
• Details of the agreement still need negotiation, with uncertainties remaining