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| Oil prices fall after Trump's announcement |
US President Donald Trump has declared a ceasefire between Israel and Iran. After this announcement, the price of oil in the world market continues to fall.
Global Brent crude oil prices fell another 4% to near $68 a barrel, a continuation of a 7% drop in Monday's trading session. BBC reports.
The price of oil is now lower than it was on June 12, the day Israel first launched its attack on Iran.
Asian markets are also reacting positively to the Middle East situation. Key indices in Japan, South Korea and Australia also ended higher.
Earlier, the US president said on social media that Iran and Israel had agreed to a ceasefire. Trump said there would be a full ceasefire between Israel and Iran within six hours.
"Trump wrote on Twitter:" "Congratulations to all!" "An agreement has been reached between Israel and Iran - there will be a full and complete ceasefire within the next 6 hours." During this period, Iran and Israel will complete their ongoing final operations. After that, the war will be considered over after 12 hours. '
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