Peace deal an opportunity to strengthen PH economy

BUSINESS groups on Tuesday welcomed news of a United States-Iran peace deal and said it should be taken as an opportunity to implement reforms that would allow the economy to better withstand another shock. The peace deal, which will end months of conflict that has led to soaring energy prices, is expected to be signed this Friday in Switzerland. US President Donald Trump said the Strait of Hormuz, through which about a third of global oil trade passes, would be fully opened later this week. &ld