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Oil prices fall below $100 a barrel on hopes of Iran peace deal

The Guardian 2026/05/26 03:22

Brent crude futures down 6% to lowest level in two weeks and stock markets rise

Oil prices fell below $100 a barrel on Monday and stock markets rose on hopes that the US and Iran are inching closer to a peace deal.

Brent crude futures, the global oil benchmark, were down 6% to $97.43 a barrel, the lowest level in two weeks, with hopes that an agreement to end the near three-month US-Israeli war on Iran can be struck.

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