The United States and Iran have signed a deal to end the Middle East war, with a ceremony set for Friday in Switzerland that will mark the start of a 60-day negotiation period.
The memorandum of understanding aims to put an end to months of conflict initiated by US-Israeli strikes on Iran in February, which wreaked chaos across the region and rattled the global economy.
Oil prices tumble
Oil prices fell more than two percent on Thursday, extending the losses sustained since news of the deal broke at the weekend.
International benchmark Brent North Sea crude was down 2.1 percent to $77.87 a barrel as of 0525 GMT.
US, Iran confirm signing
US President Donald Trump signed the memorandum of understanding on Wednesday after he attended the G7 summit in France, during a candlelit dinner at the Palace of Versailles, according to a video posted by
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