Global markets rally as US-Iran reach preliminary peace agreement

Global financial markets experienced significant growth following the announcement of a preliminary peace agreement between the United States and Iran. The deal, announced by President Trump, aims to end the three-month conflict in the Middle East and ensure the reopening of the Strait of Hormuz. Consequently, international oil prices saw a sharp decline, with Brent crude dropping toward $77-$83 per barrel and WTI falling to approximately $75-$81, depending on the reporting time and volatility. Natural gas prices also recorded a decline, with European TTF prices falling to €40.11 per megawatt-hour. Asian stock markets responded with gains of up to 6%, while major European indices like the STOXX 600 hit record highs. Investors expressed optimism that increased oil supplies and reduced geopolitical tensions would help curb global inflation. While markets reacted positively, analysts noted concerns regarding the formal signing of the agreement, expected this Friday, and the risk of future instability if the peace process fails.