00:00Energy markets saw one of their biggest moves in weeks after news of the Iran agreement.
00:05Brent crude fell below $85 per barrel, while U.S. crude dropped nearly 5 percent
00:11as traders priced in the reopening of the Strait of Hormuz.
00:15The waterway handles a significant share of global oil exports,
00:18and concerns over disruption had pushed prices higher throughout the conflict.
00:23Lower energy prices could help ease inflation pressures globally
00:27and reduce gasoline prices in the United States.
00:30Investors are now watching whether the peace agreement survives regional tensions involving Israel and Hezbollah.
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