international
Oil prices fall amid mixed signals on US-Iran peace deal
Key takeaways
- Japan’s stock market surges to record high on hopes of an end to US-Israel war on Iran.
- Brent crude, the primary benchmark for global oil prices, fell about 5 percent on Sunday as US President Donald Trump gave mixed signals on the prospects for a permanent end to the conflict.
- Brent futures for July stood at $98.47 a barrel as of 01:05 GMT, down about 9 percent from a month ago but still up by more than a third compared with before the start of the war.
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Japan’s stock market surges to record high on hopes of an end to US-Israel war on Iran.
xwhatsapp-strokecopylinkgoogle Add Al Jazeera on Googleinfo Vessels sail in the Strait of Hormuz, Iran, on May 22, 2026 [Majid Asgaripou/West Asia News Agency) via Reuters]By John Power Published On 25 May 202625 May 2026Oil prices have fallen sharply amid tentative hopes for a deal to end the US-Israel war on Iran.
Brent crude, the primary benchmark for global oil prices, fell about 5 percent on Sunday as US President Donald Trump gave mixed signals on the prospects for a permanent end to the conflict.
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