NEW YORK: Oil prices fell Wednesday (May 27) while global stocks mostly rose as markets parsed the latest posturing between Washington and Tehran over a peace accord.Hopes of an imminent deal to avoid further hostilities in the Mideast war and reopen the Strait of Hormuz pressured oil pric

Oil prices slid on optimism that the US and Iran were moving closer towards a peace deal, even though they remained at odds over key issues.

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…