# Global oil prices have fallen sharply and stock markets have jumped after the US and Iran agreed to a conditional two-week ceasefire deal that includes the reopening of the key Strait of Hormuz waterway. The price of benchmark Brent crude fell by about 13-percent to 94-dollar-80-cents a barrel, but remain higher than before the conflict started on 28 February. Stock markets in Europe opened higher following sharp rises in Asia. London’s FTSE 100 share index jumped by 2.53-percent in opening trade. In France, the Cac gained 4-percent while Germany’s Dazx rose by nearly 5-percent.
Oil prices plunge and shares jump on US-Iran ceasefire plan