World

Oil Prices Drop Amid US-Iran Peace Hopes

Updated 2026-05-25 06:05 UTC 2 sources Neutral

Oil prices fell as Trump hinted at a potential peace deal between the US and Iran, which could reopen the Strait of Hormuz. The announcement raised hopes for reduced tensions in Middle Eastern oil markets.

Coverage timeline — 2 articles
BBC News
Trump said on Saturday that an agreement would include the reopening of the Strait of Hormuz, without giving further details.
2026-05-25 03:38 UTC
The Guardian
From blocking freedom of information requests to tabling documents when no one is looking, promises of an upfront approach to power are in rough shape<a href="https://www.theguardian.com/australia-news/live/2026/may/25/teals-new-party-gaza-flotilla-activists-anthony-albanese-jim-ch
2026-05-25 05:35 UTC
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