Oil prices plunge on report U.S. and Iran closing in on a deal to end war; Brent crude down to $101

by | May 6, 2026 | news, Top News

Oil prices fell after Trump said the U.S. would pause its naval escort endeavor in the Strait of Hormuz, raising hopes of a potential deal with Iran. 

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Written by Albert Pham, News Curator and Blogger

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