Stock market analysts and gold traders are bullish on the newly struck deal to end the three-month-long US-Iran war, pinning hopes on the Strait of Hormuz being opened on Friday to ease inflationary and cost pressures for the Thai economy and businesses.
West Texas Intermediate (WTI) crude plunged 5% to US$80.52 per barrel by midday on Monday, while Brent dropped 4.5% to $83.40, as Middle East developments turned increasingly positive following an agreed US–Iran peace framework, with an official signing expected this Friday.
