Brent Crude slips to $98 amid US–Iran peace deal hopes
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May 25, 2026
LONDON – Oil markets opened lower as speculation of potential US–Iran peace deal weighed on sentiment. Traders priced in the possibility of eased supply disruptions, pushing Brent crude down to around $98 per barrel, alongside broader declines across energy benchmarks. Brent crude fell about 5.1% to $98.22 per barrel, while West Texas Intermediate (WTI) declined […]
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