Business

Oil Prices Plunge Amid Peace Hopes

Updated 2026-05-29 17:20 UTC 1 source Negative

Global oil prices tumbled over 20% in May, hitting their lowest level since 2020. This was driven by hopes for a U.S.-Iran peace deal.

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MarketWatch
Global oil prices tumbled over 20% in May on hopes for the U.S.-Iran peace deal.
2026-05-29 17:10 UTC
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