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West Asia LIVE: Oil prices down more than 4% after U.S.-Iran 'permanent' peace deal

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Oil prices plunged more than 4% on Monday (June 15, 2026), while Asian stocks soared in early trade after the United States and Iran announced they had reached an agreement to end the conflict in West Asia.

At 0045 GMT, U.S. benchmark West Texas Intermediate was down 4.70% at $80.89 a barrel and North Sea Brent Crude sunk 4.03% to 83.81%.

Meanwhile, Japan’s Nikkei 225 index jumped 4.99% and South Korea’s benchmark Kospi index soared 5.54%.

– AFP