The prospect of an imminent peace deal between Iran and the US and an easing in the oil price is expected to drive equity markets higher on Monday and take the pressure off major central banks from raising interest rates when they meet this week.
Although US President Donald Trump claimed an interim deal to reopen the Strait of Hormuz and end the war would be signed on Sunday, Iran said there were still key points yet to be agreed, including the management of the key waterway through which about 20 per cent of the world’s energy supply is usually shipped.
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