Oil prices whipsawed after reports of a possible U.S.-Iran framework deal briefly sent Brent plunging, only for fresh U.S. strikes on Iran to push crude back toward $100.

Global crude benchmark Brent fell as much as 5.2% to $98.12 a barrel, while West Texas Intermediate was near $92.

Oil prices fell sharply as traders priced in growing hopes that a U.S.-Iran deal could reopen the Strait of Hormuz and ease the global supply shock.

Oil prices have dropped significantly as markets react to potential peace talks between the United States and Iran. Asian stock markets saw early gains on Monday. President Donald…

As the US and Iran inch closer to a peace deal, oil prices have plummeted, impacting global markets and investor sentiment.

Oil prices saw a jump on Tuesday. This followed U.S. military strikes in southern Iran. Tensions remain high as a deal to end the conflict appears uncertain. Iran has disrupted…

The outline of a deal to end the war with Iran is emerging, but its aftermath will be higher oil prices and the humiliation of the Trump administration.

Oil prices rebounded after U.S. strikes on Iranian targets near the Strait of Hormuz revived fears that the fragile path toward reopening the chokepoint could unravel.

ALBAWABA- Global oil prices fell sharply on May 25–26, 2026, after U.S. President Donald Trump signaled that a comprehensive agreement with Iran could b

The fresh strikes from the U.S., and the warning Iran issued in return, have brought renewed instability to the markets.

Oil prices whipsawed after reports of a possible U.S.-Iran framework deal briefly sent Brent plunging, only for fresh U.S. strikes on Iran to push crude back toward $100.