Oil prices fall to below $80 as Trump signs US-Iran interim peace deal to end Middle East war (opens original article in a new tab)

Oil prices dropped below $80 as US and Iran signed an interim peace deal extending a ceasefire, while Asian and US stocks showed mixed performance.

• Oil prices fell to $75.83 and $78.41 per barrel after US-Iran interim peace deal
• US and Iran extended ceasefire for 60 days to negotiate final truce
• Asian stocks were steady with Japan's Nikkei hitting record high
• US stock futures rose 0.81% while major indexes fell close to or more than 1%
• Dow Jones, S&P 500, and Nasdaq fell 0.98%, 1.21%, and 1.34% respectively
• Dollar rose against yen to 160.65, highest since July 2024