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Oil drops below $100 amid signs of US-Iran diplomatic breakthrough
- Renewed diplomatic signals from Washington and Tehran ease supply concerns, sending Brent below $100
07.05.2026
Oil
Oil slides 7% on US-Iran peace hopes as sides reportedly near draft deal
- Easing geopolitical tensions weaken supply disruption concerns as US and Iran are reportedly nearing framework memo to end war
06.05.2026
Oil
Oil falls on US-Iran deal optimism after Trump announces pause on 'Project Freedom'
- Suspension of 'Project Freedom' eases tensions, while sharp drop in US crude inventories limits price declines
06.05.2026
Oil
Norway offers oil, gas exploration areas closer to coast than 'ever before' amid high energy prices
- Prime Minister announces 70 new blocks for exploration, describing move as part of efforts to further develop country's petroleum sector
05.05.2026
Oil
Oil prices ease after rally, tensions keep market above $100
- Geopolitical tensions continue to underpin prices after US President warned Iran would be 'blown off the face of the Earth' if it targeted American vessels
05.05.2026
Oil