Oil price falls to three-month low and markets rally after US-Iran peace deal – business live

Introduction: Oil falls to three-month low Good morning, and welcome to our rolling coverage of business, the financial markets, and the world economy. The peace deal agreed between Iran and the US is sending a wave of relief through the markets today. Oil has tumbled 4%, and markets across the Asia-Pacific region have jumped, as investors anticipate the reopening of the strait of Hormuz. …