Brent, WTI crude prices fall over $2 per barrel on US-Iran deal reports
Brent and WTI crude prices fell over $2 per barrel following reports of a potential US-Iran deal. The decline was driven by optimism surrounding a draft framework agreement that could ease tensions in the Strait of Hormuz. This development has led traders to unwind the geopolitical risk premium that had previously inflated crude prices.
- ▪Brent crude fell more than 11% intraday, dipping below $100 per barrel.
- ▪West Texas Intermediate also slid over 11%, trading below $91 per barrel.
- ▪The reported deal would reopen the Strait of Hormuz and establish a ceasefire.
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Brent, WTI crude prices fall over $2 per barrel on US-Iran deal reports A reported draft framework between Washington and Tehran sent oil tumbling and injected fresh optimism into risk assets, including Bitcoin. 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)…
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