Iranian rial rebounds sharply after US-Iran agreement
Iran's rial has risen by more than 15% against the US dollar after an initial agreement between Tehran and Washington, while the country's stock market has also surged to record levels. The move came after the memorandum of understanding announced on Sunday and was reflected most visibly in Tehran's foreign exchange market on Ferdowsi Street. Exchange offices reported a rapid fall in the dollar and a sharp change in trading conditions compared with the panic seen in recent months.According to the supplied report, the dollar fell from 1.8 million rials to 1.54 million rials at one exchange office within hours... [Continue Reading]
360LiveNews | 18 Jun 2026 15:02 LONDON
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US-Iran agreement outlines $300 billion reconstruction framework as implementation window opens
The reported US-Iran agreement has moved into a more defined stage, with the memorandum of understanding setting out a framework for at least $300 billion in reconstruction and economic development for Iran. The deal is described as part of an effort to end a war in the Middle East that had been going on for more than three months. It was signed on 17 June, with US President Donald Trump formally signing it while attending the G7 summit in Evian-les-Bains, France.According to the supplied material, the mechanism for putting the plan into effect is to be finalised within 60 days... [Continue Reading]
360LiveNews | 18 Jun 2026 11:29 LONDON
Strait of Hormuz expected to reopen after US-Iran agreement
The Strait of Hormuz is expected to reopen on Friday after nearly four months of disruption, following a US-Iran agreement aimed at ending the Middle East war. The shipping lane is one of the world's most important energy routes, and its reopening is likely to be watched closely by oil markets, ship operators and insurers. The closure had left vessels stranded in Gulf waters and forced maritime traffic to slow or stop.The strait normally carries about 20% of global crude oil supply, according to the supporting material. About 500 ships and 20,000 seafarers were stranded during the shutdown, according to... [Continue Reading]
360LiveNews | 17 Jun 2026 16:33 LONDON
