Business

Oil Prices Drop After Iran Talks Update

Updated 2026-05-24 23:05 UTC 1 source Negative

Oil prices fell more than 4% following President Trump's statement that talks with Iran were proceeding in a constructive manner. This suggests an agreement could be imminent, potentially easing tensions.

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CNBC
Trump had said an agreement with Iran to open the Strait of Hormuz, among other issues, was largely negotiated and would be announced soon.
2026-05-24 23:00 UTC
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