Business

Oil prices drop on U.S.-Iran deal speculation

Updated 2026-05-24 22:50 UTC 1 source Negative

Crude oil prices fell by about $5 per barrel following reports of a potential U.S.-Iran deal to end their conflict. Trading was volatile as details emerged.

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Axios

Oil prices sink on signs of U.S.-Iran deal

Crude oil prices dropped about $5 per barrel Sunday evening in the first major trading since the emergence of rough and tentative outlines of a deal to end the U.S.-Iran conflict.<stron

2026-05-24 22:40 UTC