Oil Prices Below $100 Amid US-Iran Deal Hopes
- Publish date: Monday، 25 May 2026 Reading time: 1 min read
Oil prices fall with investor optimism rising over US-Iran talks progress and Strait of Hormuz reopening.
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Oil prices fell below $100 per barrel on Monday, while stock markets showed positive movement. Investors grew optimistic about the reopening of the Strait of Hormuz due to signs of progress in talks between Washington and Iran.
Read More: Trump Says Iran War Will Be Over 'Very Soon'
North Sea Brent oil and West Texas Intermediate crude futures dropped more than five percent in midday trading in Europe. This decline follows weekend reports hinting at progress in negotiations aimed at ending the ongoing Middle East conflict.
US Secretary of State Marco Rubio stated on Monday during his visit to New Delhi that a deal could be announced "today."
Despite these signs, officials have tempered expectations for a quick resolution. US President Donald Trump emphasized on Monday that an agreement with Iran would either be "great and meaningful" or result in "no deal" whatsoever. Meanwhile, Iran’s foreign ministry spokesman Esmaeil Baqaei acknowledged progress in talks but mentioned that finalizing a deal is still out of reach. Stay informed for further updates as the situation develops.
This article was previously published on UAE Moments. To see the original article, click here
AI contributed to the creation of this article.