Business
Oil Prices Drop on US-Iran Deal Optimism
Oil prices fell as negotiations between the U.S. and Iran to reopen the Strait of Hormuz continued. The potential deal could ease tensions in the Middle East, affecting global energy markets.
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The Hill
Oil prices decreased early Monday amid negotiations between the Trump administration and Iran on reopening the Strait of Hormuz and ending the Middle East conflict. West Texas Intermediate crude futures, the benchmark for North American markets, dipped by more than 6.1 percent to $90.68 as of early
2026-05-25 12:22 UTC