Oil Headed for Sharp Weekly Losses on U.S.-Iran Deal Optimism
Oil prices fell as traders focused on hopes for a U.S.-Iran deal despite continued hostilities, tight inventories, and the effective closure of the Strait of Hormuz.
Treasury Secretary Bessent confirmed the U.S. and Iran have the "makings of a deal," including partial reopening of the Strait of Hormuz and nuclear concessions, sending all three major U.S. indexes to record closes. Simultaneously, Corporate America is starting to ration AI spend as computing costs surge — a signal that ROI scrutiny on AI budgets is tightening across enterprises, with potential impact on cloud and infrastructure decisions.
Oil Edges Higher, U.S. Futures Pare Gains as U.S.-Iran Tensions Rise
U.S. Oil Prices Are Falling as Iran Threatens Retaliation After U.S Strikes
U.S. Oil Prices Are Falling as Iran Threatens Retaliation After U.S. Strikes
U.S. Oil Prices Fall as Iran Threatens Retaliation After U.S. Strikes
Oil Climbs After Fresh U.S. Strikes on Iran
U.S. and Iran Have 'Makings of a Deal,' Bessent Says
Oil Prices Pop as Iran Conflict Reignites. The Market Still Has Hope for Hormuz.
Oil Falls though U.S. Futures Unmoved as Bessent Says U.S.-Iran Deal in Sight
Oil prices fell sharply as traders focused on the prospect of a U.S.-Iran diplomatic breakthrough despite ongoing supply disruptions, declining inventories, and continued risks in…
Oil prices are on track for a 19% monthly drop in May, the steepest since 2020, as traders bet on a U.S.-Iran deal despite the Strait of Hormuz remaining blocked.