{"id":1397066,"date":"2026-05-25T10:54:10","date_gmt":"2026-05-25T07:54:10","guid":{"rendered":"https:\/\/prm.ua\/oil-prices-plunge-6-amid-possible-us-iran-peace-deal-details\/"},"modified":"2026-05-25T10:54:10","modified_gmt":"2026-05-25T07:54:10","slug":"oil-prices-plunge-6-amid-possible-us-iran-peace-deal-details","status":"publish","type":"post","link":"https:\/\/prm.ua\/en\/oil-prices-plunge-6-amid-possible-us-iran-peace-deal-details\/","title":{"rendered":"Oil prices plunge 6% amid possible US-Iran peace deal: details"},"content":{"rendered":"

Oil prices fell sharply on May 25 amid expectations of a possible peace deal between the US and Iran. Brent and WTI crude fell by about 6%, falling to their lowest levels in two weeks.<\/strong><\/p>\n

This is reported by Reuters<\/a> .<\/p>\n

Brent crude futures fell $5.85<\/strong> , or 5.7%, to $97.69 a barrel. U.S. West Texas Intermediate (WTI) crude lost $5.75<\/strong> , or 6%, to trade at $90.85 a barrel.<\/p>\n

The price drop was driven by expectations of a possible peace deal between the US and Iran. The issue of the Strait of Hormuz remains at the center of the negotiations.<\/p>\n

Earlier, on May 24, US President Donald Trump said that Washington and Tehran had largely agreed on a vision for a future agreement that could lead to the opening of the Strait of Hormuz. At the same time, the parties still have disagreements on a number of key issues.<\/p>\n

The very next day, Trump announced that he had instructed American representatives not to rush into concluding agreements with Iran.<\/p>\n

“Despite all the risks and caveats that still remain around the peace deal and the situation with the Strait of Hormuz, there is now some light at the end of the tunnel, and this may provide some temporary relief for oil prices,” said MST Marquee analyst Sol Kavonik.<\/p>\n

Warren Patterson, head of commodities strategy at ING, said that this has happened before, but the negotiations ended in failure. The analyst said that the market is likely to react more cautiously to the negotiation process because of previous experience.<\/p>\n

Analysts also predict that even if the Strait of Hormuz is opened, the return to normal oil transportation volumes will take several months, as the damaged oil and gas infrastructure needs repair.<\/p>\n

It was previously reported that the protracted conflict between the US and Iran continues to affect the global energy market<\/a> , and market participants expect high oil prices to remain for a long time.<\/p>\n

By the way, the US and Iran may soon agree on a basic agreement<\/a> that should stop tensions in the region and open the way to full-fledged negotiations on the nuclear program.<\/p>\n

<\/p>\n

Recall, US Secretary of State Marco Rubio announced the completion of the military operation against Iran called Epic Fury, which had been ongoing since February.<\/a><\/p>\n

Also follow \u201cPryamim\u201d<\/strong> on Facebook<\/a> , X<\/a> , Telegram<\/a> , and Instagram.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Oil prices fell sharply on May 25 amid expectations of a possible peace deal between the US and Iran. Brent and WTI crude fell by about 6%, falling to their lowest levels in two weeks. This is reported by Reuters . Brent crude futures fell $5.85 , or 5.7%, to $97.69 a barrel. U.S. West […]<\/p>\n","protected":false},"author":54,"featured_media":1371769,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[76892,76871,76872,76875],"class_list":["post-1397066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news-2","category-news-feed","category-other-news"],"_links":{"self":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1397066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/users\/54"}],"replies":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/comments?post=1397066"}],"version-history":[{"count":0,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1397066\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media\/1371769"}],"wp:attachment":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media?parent=1397066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/categories?post=1397066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}