Oil prices fall amid mixed signals on US-Iran peace deal
Oil prices have decreased significantly due to uncertain prospects for a US-Iran peace deal. Brent crude fell about 5 percent amid mixed signals from President Trump regarding negotiations. Meanwhile, Japan's stock market reached a record high as investors reacted to the potential for an end to the conflict.
- ▪Brent crude prices dropped about 5 percent, standing at $98.47 a barrel.
- ▪Trump indicated that negotiations with Tehran are proceeding but cautioned against rushing a deal.
- ▪The Strait of Hormuz blockade has disrupted about one-fifth of the global oil trade.
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Economy|Oil and GasOil prices fall amid mixed signals on US-Iran peace dealJapan’s stock market surges to record high on hopes of an end to US-Israel war on Iran.ListenListen (2 mins)SaveClick here to share on social mediashare-nodesSharefacebookxwhatsapp-strokecopylinkgoogleAdd Al Jazeera on GoogleinfoVessels sail in the Strait of Hormuz, Iran, on May 22, 2026 [Majid Asgaripou/West Asia News Agency) via Reuters]By John PowerPublished On 25 May 202625 May 2026Oil prices have fallen sharply amid tentative hopes for a deal to end the US-Israel war on Iran.Brent crude, the primary benchmark for global oil prices, fell about 5 percent on Sunday as US President Donald Trump gave mixed signals on the prospects for a permanent end to the conflict.Recommended Stories list of 4 itemslist 1 of…
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