ASX set to jump as global markets rally on US-Iran oil deal hopes

Global stock markets are surging and oil prices are falling amid hopes that the United States and Iran are nearing an agreement to resume crude shipments from the Persian Gulf.

Justin Tomlinson

Editor-in-Chief, Mora Discover

3 sources
ASX set to jump as global markets rally on US-Iran oil deal hopes

Global stock markets are bursting higher and the ASX is set to jump as oil prices continue to sink worldwide. The rally across international sharemarkets is being driven by emerging optimism regarding crude oil supplies.[1][2][3]

The positive market movements are directly tied to hopes that the United States and Iran are nearing a new agreement. This potential deal would once again allow ships to deliver crude oil from the Persian Gulf to their customers.[1][2][3]

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