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global crude oil prices

Oil prices fall below 100 dollars on Iran deal hopes

May 6, 2026 by Attia Naveed

Global oil prices fell sharply below 100 dollars per barrel as markets reacted to reports of a possible US-Iran agreement. The decline reflects growing expectations of reduced geopolitical risk in the Middle East. Investors responded to signs of easing tensions between the two countries. Brent crude oil dropped by around 7 percent, bringing prices close […]

Filed Under: Business Tagged With: Brent crude below 100, energy market news, global crude oil prices, Latest, oil prices fall 2026, Strait of Hormuz oil prices, US Iran deal oil impact, WTI crude oil drop

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