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. — impact context not separately stored; see What changed.

Sources

bbc