ECB's Lagarde welcomes Iran ceasefire deal as 'good news'

- European Central Bank President Christine Lagarde on Monday told France Culture radio that the ceasefire agreement reached with Iran was "good news".

U.S. and Iranian officials said they had reached an agreement to end their war and reopen the Strait of Hormuz, a preliminary pact that sent oil prices falling but leaves the fate of Tehran's nuclear program to further negotiations.