The first effects of the US-Iran agreement. Oil prices are falling while Asian markets react positively.

At the New York Mercantile Exchange (Nymex), the price of a barrel of oil fell by 5.5%, reaching $80.16, while Brent oil dropped by 4.7% to $83.24, following the announcement regarding the completion of the US-Iran agreement.

Analyst Vivek Dhar from CBA estimates a possible decline in Brent oil prices to $80 by the end of the year, provided that the Strait of Hormuz remains open. The Nikkei-225 index rose by over 5%. Additionally, the stock exchanges in South Korea and China recorded significant increases.

The decline in oil prices could reduce inflation risks, thus influencing the monetary policy of central banks, including the European Central Bank, which recently raised interest rates.