Brent and WTI crude oil prices drop nearly 5% after US-Iran deal reports
Crude oil prices experienced a significant decline following reports of a potential US-Iran peace agreement. Both Brent and WTI futures fell sharply as traders adjusted their expectations regarding supply disruptions in the Middle East. The market had previously been pricing in heightened geopolitical tensions, particularly around the Strait of Hormuz.
- ▪Brent crude dropped nearly 8% to around $101 a barrel after the news broke.
- ▪WTI crude experienced an even steeper decline, plunging as much as 11% intraday.
- ▪President Trump's comments confirming ongoing negotiations contributed to the downward trend in oil prices.
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Brent and WTI crude oil prices drop nearly 5% after US-Iran deal reports Reports of a potential US-Iran peace agreement hammered crude futures, while Bitcoin and risk assets rallied on the news. Share Add us on Google by Editorial Team May. 21, 2026 (function () { var s = document.currentScript; var wrapper = s && s.closest ? s.closest('.cb-sevioads-inarticle') : null; var inMobile = wrapper && wrapper.closest('#mobile-articles'); var inDesktop = wrapper && wrapper.closest('#desktop-articles'); if (inMobile || inDesktop) { var isDesktopVp = window.matchMedia('(min-width: 768px)').matches; var matches = (inMobile && !isDesktopVp) || (inDesktop && isDesktopVp); if (!matches) { var sevioDiv = wrapper.querySelector('.sevioads'); if (sevioDiv) sevioDiv.parentNode.removeChild(sevioDiv); return;…
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