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Oil Price Today (May 29): Crude oil falls as peace deal hopes offset constant tensions. What are experts saying?

Oil prices saw a slight dip on Friday. Hopes for a U.S. and Iran ceasefire extension are influencing the market. U.S. Vice President JD Vance indicated progress but noted unresolved issues. Geopolitical tensions remain high. Analysts suggest a prolonged Strait of Hormuz closure could impact global oil markets significantly.

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Oil Price Today (May 29): Crude oil falls as peace deal hopes offset constant tensions. What are experts…

Brent crude slipped 0.37% to $93.36 on Friday as U.S.-Iran ceasefire extension talks advanced, though Trump has yet to approve the deal; Brent is down over 8% on the week after swinging between $87 and $109. Morgan Stanley warns the market is in "a race against time": if the Strait of Hormuz stays closed through June, U.S. export buffers and weak Chinese demand may no longer offset the supply shock, putting pressure on energy cost forecasts for H2 2026.

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martedì 26 maggio 2026·economictimes.indiatimes.com
Oil Price Today (May 26): Crude oil nears $100 as US strikes southern Iran. What are experts saying?
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…
martedì 26 maggio 2026·vanguardngr.com
US-Iran War: Oil prices drop 5.5%, raising hopes of cheaper petrol
Crude oil prices fell by 5.5 per cent on Monday to about $97.6 per barrel amid growing optimism over a possible peace agreement between the United States and Iran aimed at easing…

Oil Price Today (May 29): Crude oil falls as peace deal hopes offset constant tensions. What are experts saying?

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Oil Price Today (May 29): Crude oil falls as peace deal hopes offset constant tensions. What are experts…

Timeline cronologica

Oil Price Today (May 26): Crude oil nears $100 as US strikes southern Iran. What are experts saying?

US-Iran War: Oil prices drop 5.5%, raising hopes of cheaper petrol

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Oil prices today: Crude drops below $95 amid US-Iran ceasefire extension speculation

Oil Price Today (May 29): Crude oil falls as peace deal hopes offset constant tensions. What are experts saying?

Oil prices dip as US-Iran ceasefire talks progress

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