{"id":7095,"date":"2026-05-25T00:08:44","date_gmt":"2026-05-25T00:08:44","guid":{"rendered":"https:\/\/stock999.top\/?p=7095"},"modified":"2026-05-25T00:08:44","modified_gmt":"2026-05-25T00:08:44","slug":"oil-drops-as-u-s-says-deal-with-iran-and-hormuz-reopening-is-near","status":"publish","type":"post","link":"https:\/\/stock999.top\/?p=7095","title":{"rendered":"Oil drops as U.S. says deal with Iran and Hormuz reopening is near"},"content":{"rendered":"

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Oil dropped as the US and Iran edged toward a deal, although President Donald Trump said that Washington\u2019s blockade of the Strait of Hormuz would remain until an agreement was completed.<\/p>\n

Global crude benchmark Brent fell as much as 5.2% to $98.12 a barrel, while West Texas Intermediate was near $92. Trump said in social-media posts he wouldn\u2019t \u201crush\u201d into a deal, which \u201cisn\u2019t even fully negotiated yet.\u201d Any final approval may take\u00a0several days, according to senior US officials.<\/p>\n

Still, it remains unclear how\u00a0key differences, including the fate of the Islamic Republic\u2019s nuclear program, will be addressed. Iran\u2019s Tasnim news agency said the draft agreement could still collapse because the US was obstructing some key clauses, including a demand that its assets be unfrozen.<\/p>\n

Global energy markets have been upended by the crisis, which began in February when the US and Israel attacked Iran. The conflict spread rapidly across the Persian Gulf region, forcing producers to shut in millions of barrels of daily crude supplies.\u00a0Hormuz\u00a0\u2014 which links the region to global markets \u2014 has been subject to a double blockade by both Tehran and Washington.<\/p>\n

A full reopening of the waterway \u2014 which in peacetime typically handled around a fifth of the world\u2019s oil and liquefied natural gas supplies \u2014 would be a relief for energy importers across Asia, including China, Japan, and South Korea.<\/p>\n

\u201cA lot of oil was trading on worst case assumptions for weeks,\u201d said Haris Khurshid, chief investment officer at Chicago-based Karobaar Capital LP. \u201cBut once it became clear talks were still alive and escalation wasn\u2019t accelerating, a chunk of that fear premium comes out pretty fast.\u201d<\/p>\n

Trump has been facing growing domestic political pressure to end the conflict, particularly ahead of the November midterm elections that will determine control of Congress. The war has boosted the cost of fuels, with average US gasoline prices hitting the highest since 2022 this month.<\/p>\n

Kevin Hassett, Trump\u2019s chief economic adviser at the White House, told Fox News on Sunday he expects energy\u00a0prices to drop\u00a0once there\u2019s a deal, which could then create space for the Federal Reserve to cut rates. \u201cWe expect energy prices, as soon as there\u2019s a deal, to plummet,\u201d Hassett said.<\/p>\n

Trading in oil may be lower than usual on Monday, with some traders away from their desks for public holidays in the US and the UK.<\/p>\n

#Oil #drops #U.S #deal #Iran #Hormuz #reopening<\/p>\n","protected":false},"excerpt":{"rendered":"

Oil dropped as the US and Iran edged toward a deal, although President Donald Trump…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[245],"tags":[110,854,504,376,303,7910,722],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/7095"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7095"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/7095\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}