The effects of the US-Iran interim peace agreement, oil became cheaper in the global market
New York (94 news) Effects of US-Iran Interim Peace Agreement, oil became cheaper in the world market.
Brent crude oil price at the start of business 1.6 It fell to percent and 78.43 On the other hand, investors' confidence in Japan, South Korea and other Asian markets has increased, resulting in an improvement in stock indices.
A positive trend is also seen in Asian stock markets due to expectations of improvement in global energy supply after the agreement, Japan's benchmark Nikkei. 225 Index 1.9 percent rose to a new record high, while South Korea's Kospi and Taiwan's Tix index also recorded gains of more than one percent.
Due to falling oil price in the world market, the possibility of a big reduction in the price of petrol in Pakistan has become brighter, the government can provide relief to the people by reducing the price of petrol.
