Oil Dips Under $100 as US-Iran Peace Hopes Grow and Hormuz Pause
TL;DR Summary
Oil prices fell below $100 a barrel (Brent around $97, WTI around $89) on renewed hopes of a US-Iran peace deal to end the war and reopen the Strait of Hormuz, as Trump paused the Hormuz operation and diplomacy with China intensifies.
- Live updates: Oil prices drop after Trump hails ‘great progress’ in Iran talks CNN
- Oil Tumbles as Turmoil in Gulf Eases, but U.S. Gasoline Keeps Rising The New York Times
- US petrol prices hit highest level in years – as it happened The Guardian
- Middle East war: Oil tumbles and stocks rally on report US and Iran close to deal Financial Times
- Oil prices drop and stock markets rise after reports of deal to end Iran war BBC
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