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Oil Drops Nearly 20% from 2026 Peak in May

Global oil prices tumbled by around 20 per cent from 2026 highs in May as investors grew increasingly optimistic on prospects for a long-lasting ceasefire deal between the U.S. and Iran, which would unlock shipping through the Strait of Hormuz.

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thisdaylive.comStai leggendo15 h fa

Oil Drops Nearly 20% from 2026 Peak in May

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euronews.com1 g fa

Oil prices rally on Iran's US talks freeze and Strait of Hormuz threat

Oil prices sharply rose on Monday afternoon as Iran suspended all indirect talks with the US and vowed to fully close the Strait of Hormuz.

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lunedì 1 giugno 2026·euronews.com
Oil prices rally on Iran's US talks freeze and Strait of Hormuz threat
Oil prices sharply rose on Monday afternoon as Iran suspended all indirect talks with the US and vowed to fully close the Strait of Hormuz.
martedì 2 giugno 2026·thisdaylive.com
Oil Drops Nearly 20% from 2026 Peak in May
Global oil prices tumbled by around 20 per cent from 2026 highs in May as investors grew increasingly optimistic on prospects for a long-lasting ceasefire deal between the U.S.…