Markets responded sharply Thursday morning following the signing of the US-Iran peace deal, with oil prices continuing their decline toward $77 a barrel, stock markets surging across Asia, and the dollar strengthening against the shekel, according to N12 market reports. The moves extend a volatile period for energy and currency markets driven by the diplomatic breakthrough between Washington and Tehran.
Thursday morning's market moves mark a continuation of a multi-day trend that The Zioneer has tracked since early June. Following President Donald Trump's announcement of a completed US-Iran peace deal on Monday, oil prices have fallen from around $83 to approximately $77 per barrel, while Asian equities have surged and the dollar has strengthened. The Bank of Israel's representative rate for the dollar was 2.935 shekels on Monday, reflecting a 1% gain for the shekel against the dollar on deal expectations; Thursday's strengthening of the dollar relative to the shekel suggests some reversal in that currency pair. The deal's impact on global energy markets—Iran is a major oil producer—and on trade flows through the Gulf remains a dominant driver for traders.
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