StockDuty ← Dashboard May 24, 2026 11:55 PM ET
CatalystCommodities

OIL PRICES SLIDE 5% ON HOPES OF US-IRAN DEAL

What changed
Trump said an agreement has been "largely negotiated" and could reopen the Strait of Hormuz. Brent fell to $98.36, WTI to $91.50. Iran's foreign ministry confirmed positions converging.
Why it matters
Trump said an agreement has been "largely negotiated" and could reopen the Strait of Hormuz. Brent fell to $98.36, WTI to $91.50. Iran's foreign ministry confirmed positions converging.
Sources
bbc
Related signals
BRENT FALLS BELOW $80 PER BARREL ON REPORT U.S. WILL ALLOW IRAN TO SELL OIL IMMEDIATELY — via CNBC →THE U.S. EMERGENCY OIL RESERVE IS BELOW 300 MILLION BARRELS FOR THE FIRST TIME SINCE 1983 - QZ →THE U.S. EMERGENCY OIL RESERVE HAS DRAINED TO ITS LOWEST LEVEL SINCE 1983 - QZ →