The significant decline in oil prices, with crude oil prices trading below 90 dollars a barrel now, both for Brent Crude as well as for WTI Crude on back of hopes of a peace deal has been a major factor for helping investor sentiment across commodity markets as well as equity markets. US President, Donald Trump had said Washington had reached a framework agreement with Iran and raised hopes for all that tensions in West Asia could ease, speaking from the Oval office he stated he expects an agreement to be signed “over the next few days’. However, Iran has so far countered this and stated they have not reached a final decision on an agreement.
