Oil prices ease and markets rally as Trump hails ‘great progress’ towards deal with Iran

US president announces short pause to ‘Project Freedom’ operation escorting ships through strait of Hormuz Business live – latest updates Oil prices have eased and stock markets rose as Donald Trump touted “great progress” towards a “final agreement” with Iran. The US president said he would briefly pause his “Project Freedom” operation escorting ships through the strait of Hormuz, which carries about a fifth of the world’s oil supplies but has been blockaded by Iran since late February, triggering a global energy crisis. Continue reading...