News24 | Oil drops below $80, bonds rally before Fed rates call (opens original article in a new tab)

Oil prices dropped below $80 as expectations of a US-Iran deal eased supply concerns, while bonds rallied and the rand strengthened ahead of the peace deal signing.

• Oil prices fell below $79 a barrel due to expectations of a US-Iran deal easing supply concerns
• Bonds rallied as investors anticipated potential changes in global interest rates following the Fed's policy decision
• The rand strengthened over 2% ahead of the expected Iran peace deal signing