Oil prices slide after Pakistan announces deal between US and Iran

<div class&equals;"wp-block-wptelegram-widget-join-channel aligncenter">&NewLine;&Tab;<a href&equals;"https&colon;&sol;&sol;t&period;me&sol;nairavoice" class&equals;"components-button join-link is-large has-text has-icon" target&equals;"&lowbar;self" rel&equals;"noopener noreferrer">&NewLine;&Tab;&Tab;<svg width&equals;"19px" height&equals;"16px" viewBox&equals;"0 0 19 16" role&equals;"img" aria-hidden&equals;"true" focusable&equals;"false">&NewLine;&Tab;&Tab;&Tab;<g>&NewLine;&Tab;&Tab;&Tab;&Tab;<path d&equals;"M0&period;465&comma;6&period;638 L17&period;511&comma;0&period;073 C18&period;078&comma;-0&period;145 18&period;714&comma;0&period;137 18&period;932&comma;0&period;704 C19&period;009&comma;0&period;903 19&period;026&comma;1&period;121 18&period;981&comma;1&period;33 L16&period;042&comma;15&period;001 C15&period;896&comma;15&period;679 15&period;228&comma;16&period;111 14&period;549&comma;15&period;965 C14&period;375&comma;15&period;928 14&period;211&comma;15&period;854 14&period;068&comma;15&period;748 L8&period;223&comma;11&period;443 C7&period;874&comma;11&period;185 7&period;799&comma;10&period;694 8&period;057&comma;10&period;345 C8&period;082&comma;10&period;311 8&period;109&comma;10&period;279 8&period;139&comma;10&period;249 L14&period;191&comma;4&period;322 C14&period;315&comma;4&period;201 14&period;317&comma;4&period;002 14&period;195&comma;3&period;878 C14&period;091&comma;3&period;771 13&period;926&comma;3&period;753 13&period;8&comma;3&period;834 L5&period;602&comma;9&period;138 C5&period;112&comma;9&period;456 4&period;502&comma;9&period;528 3&period;952&comma;9&period;333 L0&period;486&comma;8&period;112 C0&period;077&comma;7&period;967 -0&period;138&comma;7&period;519 0&period;007&comma;7&period;11 C0&period;083&comma;6&period;893 0&period;25&comma;6&period;721 0&period;465&comma;6&period;638 Z" ><&sol;path>&NewLine;&Tab;&Tab;&Tab;<&sol;g>&NewLine;&Tab;&Tab;<&sol;svg>&NewLine;&Tab;&Tab;Join Nairavoice On Telegram&Tab;<&sol;a>&NewLine;<&sol;div>&NewLine;<figure><img src&equals;"https&colon;&sol;&sol;static&period;files&period;bbci&period;co&period;uk&sol;bbcdotcom&sol;web&sol;20260609-143108-fe43574f32-web-3&period;9&period;0-5&sol;grey-placeholder&period;png" &sol;><img src&equals;"https&colon;&sol;&sol;ichef&period;bbci&period;co&period;uk&sol;news&sol;480&sol;cpsprodpb&sol;7640&sol;live&sol;4688b200-67d3-11f1-9c4b-77e30dd66647&period;jpg&period;webp" &sol;>EPA&sol;Shutterstock<&sol;figure>&NewLine;<p>Oil prices fell in early trade in Asia after Pakistan&comma; which has been mediating an end to the US-Iran war&comma; announced a deal that President Donald Trump said would see the reopening of the key Strait of Hormuz shipping route&period;<&sol;p>&NewLine;<p>Brent crude&comma; the global oil benchmark&comma; was 3&period;8&percnt; lower at &dollar;84&period;02 &lpar;£62&period;48&rpar; a barrel&comma; while US-traded oil was down 4&period;1&percnt; at &dollar;81&period;40&period;<&sol;p>&NewLine;<p>Pakistan&&num;8217&semi;s prime minister Shehbaz Sharif said an official signing ceremony would be on Friday&comma; 19 June in Switzerland&period;<&sol;p>&NewLine;<p>Trump later posted on social media &&num;8220&semi;oil will flow&&num;8221&semi;&period;<&sol;p>&NewLine;<p>The strait had been effectively closed since shortly after the US and Israel launched airstrikes on Iran on 28 February&period;<&sol;p>&NewLine;<p>Tehran had threatened to attack vessels using the crucial waterway&comma; through which around 20&percnt; of the world&&num;8217&semi;s oil and liquefied natural gas &lpar;LNG&rpar; normally passes&period;<&sol;p>&NewLine;<p>Global energy markets have been on a wild ride in recent months&comma; with prices often rising or falling sharply in response to developments in the US-Israel war with Iran&period;<&sol;p>&NewLine;<p>Brent crude&comma; which was trading at around &dollar;70 a barrel before the conflict started&comma; peaked at about &dollar;120 during the war&period;<&sol;p>&NewLine;