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Oil prices fall on mounting hopes for de-escalation in US-Iran War

Oil prices declined Friday as traders perceived a reduced likelihood of renewed conflict between the US and Iran. Despite this, both Brent and WTI crude futures were poised for their first weekly gains in three weeks, influenced by earlier Middle East tensions and limited Strait of Hormuz traffic. However, gains were tempered by unexpected inventory levels and falling demand.

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economictimes.indiatimes.comStai leggendo5 h fa

Oil prices fall on mounting hopes for de-escalation in US-Iran War

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forbes.com1 g fa

Oil Prices End The Week Lower On U.S.-Iran Diplomatic Moves

Oil prices fell on Friday following new diplomatic overtures to bridge differences between the U.S. and Iran, as the global inflationary impact of the war continues.

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venerdì 5 giugno 2026·forbes.com
Oil Prices End The Week Lower On U.S.-Iran Diplomatic Moves
Oil prices fell on Friday following new diplomatic overtures to bridge differences between the U.S. and Iran, as the global inflationary impact of the war continues.
sabato 6 giugno 2026·economictimes.indiatimes.com
Oil prices fall on mounting hopes for de-escalation in US-Iran War
Oil prices declined Friday as traders perceived a reduced likelihood of renewed conflict between the US and Iran. Despite this, both Brent and WTI crude futures were poised for…