diplomacyMay 6, 2026

Brent Crude Slips Toward $108 As Trump Signals 'Great Progress' On Iran Deal

Summary

Oil prices fell for a second straight session, unwinding part of their war-driven surge as signs of diplomatic progress between the US and Iran cooled supply fears. Brent crude drifted toward $108 a barrel after tumbling 4% in the previous session, while West Texas Intermediate hovered near $100.

Source: Yukta Baid — Read the full report

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Sources

Yukta BaidBy Yukta Baid
Oil prices fell for a second straight session, unwinding part of their war-driven surge as signs of diplomatic progress between the US and Iran cooled supply fears. Brent crude drifted toward $108 a barrel after tumbling 4% in the previous session, while West Texas Intermediate h…

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