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strikeMay 6, 2026
Oil prices drop below 100 dollars a barrel on renewed hopes over peace deal
Summary
Oil prices drop below 100 dollars a barrel on renewed hopes over peace deal The cost of benchmark Brent crude dropped 11% to under 98 dollars a barrel. Oil prices have fallen sharply to below 100 US dollars a barrel on fresh hopes of an end to the Iran war and unblocking of the crucial Strait of Hormuz.
Actors involved
USIranChina
Sources
- Holly WilliamsBy Holly Williams
Oil prices drop below 100 dollars a barrel on renewed hopes over peace deal The cost of benchmark Brent crude dropped 11% to under 98 dollars a barrel. Oil prices have fallen sharply to below 100 US dollars a barrel on fresh hopes of an end to the Iran war and unblocking of the c…
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