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The Nexus
BUSINESSMay 24 · 22:40 UTCAXIOSBen Geman

Oil prices sink on signs of U.S.-Iran deal

Crude oil prices fell over $5 per barrel as a tentative U.S.-Iran deal emerged, easing concerns over the Strait of Hormuz blockage. However, markets remain volatile due to ongoing disruptions, depleted global oil inventories, and uncertainty about the timeline for full recovery.

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United StatesplaceIranplaceStrait of HormuzplaceSaudi ArabiaplaceUnited Arab EmiratesplaceInternational Energy AgencyorganizationBrent crudetopicGasBuddyorganizationClearView Energy Partnersorganization
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