Iran announces a new peace deal with the US, causing oil prices to fall below $90. Crude oil reaching a new all-time high by May 31 at 0.5% YES.

Crude oil prices plunged over 5% as reports surfaced of the US and Iran nearing a Memorandum of Understanding, pushing Brent below $100 and WTI towards $90 a barrel.

Concurrently with rising speculation over Iran and the United States reaching an agreement to de-escalate tensions and reopen the Strait ...