SINGAPORE (Reuters) – Oil prices slipped on Monday after US President Donald Trump and Iran’s deputy foreign minister â said they have reached a deal to halt the war and to resume traffic through the â Strait of Hormuz._x000D_
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Brent crude futures fell $3.51, or 4.02%, â to $83.82 by 2203 GMT and US â West Texas Intermediate was â at $80.95 a barrel, down $3.93, or 4.63%._x000D_
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Prime Minster Shehbaz Sharif has said a deal between the US and Iran has been reached._x000D_
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“Following intensive talks, we are pleased to announce that the Peace Deal between the United States of America and Islamic Republic of Iran has been REACHED,” he writes on X._x000D_
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“Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon.”_x000D_
US President Donald Trump has confirmed Pakistan’s report that the US and Iran have reached a deal._x000D_
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“The Deal with the Islamic Republic of Iran is now complete,” he writes on Truth Social._x000D_
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“I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade,” he says._x000D_
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“Ships of the World, start your engines. Let the oil flow!”
