International Oil Prices Fall on Hopes for US-Iran Deal
International oil prices dropped as optimism grew over a potential peace deal between the US and Iran, despite the Trump administration signaling significant differences.
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- 📰 Published: May 28, 2026 at 06:08
- 🔍 Collected: May 31, 2026 at 23:48 (89h 40m after Published)
- 🤖 AI Analyzed: June 2, 2026 at 00:53 (25h 5m after Collected)
(CNA) Despite the Trump administration earlier suggesting significant differences in negotiations, international oil prices fell today on optimism that a peace deal could be reached between the US and Iran. West Texas Intermediate (WTI) crude on the New York Mercantile Exchange fell 5.6% to close at $88.68 per barrel. London Brent crude fell 5.3% to close at $94.29 per barrel.
FAQ
Impact on Taiwan's energy costs?
Falling oil prices could contribute to lower imported energy costs for Taiwan.