Oil slips to 2-week low as US-Iran seen moving closer to peace deal
Senior U.S. officials said talks with Iran were nearing a deal to reopen the Strait of Hormuz, sending Brent crude down 5.4%.
- On Monday, global crude oil prices hit two-week lows as optimism grew over a potential United States-Iran peace deal to reopen the blocked Strait of Hormuz.
- The Strait, which previously carried one-fifth of global oil and liquefied natural gas shipments, has remained effectively closed since the conflict between the United States, Israel, and Iran began on February 28, 2026.
- President Donald Trump said on Saturday that Washington and Tehran had "largely negotiated" a memorandum of understanding, while also reporting a "very good call" with Israeli Prime Minister Benjamin Netanyahu.
- Despite progress, Trump cautioned on Sunday against any "rush" to finalize the deal, while Iranian foreign ministry spokesman Esmaeil Baqaei accused the United States of issuing "contradictory statements."
- MST Marquee analyst Saul Kavonic noted "some light at the end of the tunnel," though markets will likely remain tight through 2027 as Japan's Nikkei 225 stock index rose above 65,000.
276 Articles
276 Articles
Oil Prices Fall on Iran War Deal Optimism: Pivot to This Stock Under $30 if The Deal Holds
The post Oil Prices Fall on Iran War Deal Optimism: Pivot to This Stock Under $30 if The Deal Holds appeared first on 24/7 Wall St.. Quick Read American Airlines (AAL) trades at $13.85 with a forward P/E of 43x and faces $4B+ in annual fuel expense; falling crude from an Iran deal could push 2026 EPS guidance toward $1.10. A potential Iran war deal is driving crude lower from its $114.58 April peak, which flows directly into airline profitabi…
Brazil's Bovespa Rises 0.9% to 177,816 as Iran Deal Hopes Sink Oil and Lift Banks
Brazil Ibovespa stock market report: index rises 0.9% to 177,816 Monday as an Iran deal pathway sinks oil below $100, banks rally, and Petrobras lags. The post Brazil’s Bovespa Rises 0.9% to 177,816 as Iran Deal Hopes Sink Oil and Lift Banks appeared first on The Rio Times.
Oil Prices Fall 4.7 Percent on Hopes of US–Iran Deal
Crude oil prices declined on Monday amid indications that a deal to end the ongoing war between the United States and Iran could be near. Brent crude oil futures prices ended May 22 at $100.21 per barrel. On Monday, oil was trading at $95.44 as of 9:45 p.m. EDT, a decline of more than 4.7 percent. Prices had hit a peak of around $126 per barrel on April 30. President Donald Trump announced in a May 23 Truth Social post that the United States and…
US-Iran War: Oil prices drop 5.5%, raising hopes of cheaper petrol
By Obas Esiedesa, Abuja Crude oil prices fell by 5.5 per cent on Monday to about $97.6 per barrel amid growing optimism over a possible peace agreement between the United States and Iran aimed at easing tensions around the Strait of Hormuz, a critical global oil transit route. Brent crude, the international benchmark, slipped below the $100 per barrel mark after weeks of volatility triggered by the conflict, which disrupted oil supplies moving t…
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