Markets and oil prices react to Trump’s claims of a breakthrough in peace talks with Iran

World shares advanced on Friday, tracking big Wall Street gains, while oil prices sank more than 4% after U.S. President Donald Trump claimed there was a breakthrough in talks to end the Iran war.High oil prices have added to inflationary pressures globally as the Strait of Hormuz, a key waterway for the world’s oil and gas transit, remained largely closed.Expectations that an agreement between the U.S. and Iran may help reopen the strait sent oil prices tumbling.Brent crude oil, the inter...