Iran deal includes $300 billion fund, more than half of which already committed, source says
Iran deal includes $300 billion fund, more than half of which already committed, source says

A $300 billion private fund designed to trigger investment into Iran is outlined in the U.S.-Iran framework agreement and more than half that sum has already been committed, a source with direct knowledge of the deal told Reuters. The fund is designed to give both sides an economic incentive to...

Saudi Arabia greets US-Iran deal
Saudi Arabia greets US-Iran deal

Saudi Arabia on Monday welcomed a US-Iran deal to end hostilities and kickstart peace talks, cautioning that any lasting arrangement should take into account the security interests of the region, AFP reported. The kingdom welcomed the agreement reached between the United States of America and...

Oil prices sink to three-month low as US-Iran deal signals Hormuz reopening
Oil prices sink to three-month low as US-Iran deal signals Hormuz reopening

Oil prices slipped to their lowest since March on Monday after U.S. President Donald Trump and Irans deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz, reports Reuters. Brent crude futures fell $3.58, or 4.10%, to...