New Delhi, June 15 -- After multiple false starts towards peace, the US and Iran agreed to shake hands and end the West Asia war that has rocked the world for over 100 days, sending waves of relief across markets, industries and policy circles. Yet, concerns remain about the deal's stability and longevity, given Israeli officials' opposition to a deal they say does not address their country's concerns.

Crude oil prices were the first to react to the news, falling around 5%. At 5:25PM on Monday, the Brent August contract was trading 4.95% lower at $83.01 per barrel. Similarly, the June contract of West Texas Intermediate fell 5.3% to $80.38.













Global markets cheered, with stocks in Japan and South Korea jumping over 5%, while t...