World
US, Iran Talks on Oil Crisis
Oil prices fell sharply as reports emerged that the U.S. and Iran are close to an agreement that could reopen the Strait of Hormuz, potentially easing tensions in global oil markets.
Coverage timeline — 1 article
The Hill
Oil prices plunged around midday on Wednesday as reports emerged that the U.S. and Iran are nearing an agreement on a one-page memorandum that could result in the reopening of the Strait of Hormuz. The international benchmark, Brent crude oil, reached $101.75 at 11:00 a.m. EDT while West Texas Inte
2026-05-06 15:49 UTC