Iran Submits New Negotiation Proposal; WTI Oil Prices Plunge 5% Intraday
Reports that Iran has submitted a new negotiation proposal to the United States led to a sharp intraday drop of 5% in WTI crude oil prices. This is likely due to expectations of easing geopolitical tensions, suggesting a stable oil supply.
📋 Article Processing Timeline
- 📰 Published: May 2, 2026 at 00:01
- 🔍 Collected: May 2, 2026 at 00:32 (30 min after Published)
- 🤖 AI Analyzed: May 2, 2026 at 00:55 (23 min after Collected)
Central News Agency
(Central News Agency, London, 1st, Comprehensive foreign news) Iranian media reported that Tehran authorities have submitted a new negotiation proposal to the United States through Pakistani mediators. New York Mercantile Exchange West Texas Intermediate (WTI) crude oil prices consequently plunged 5% intraday today.
Agence France-Presse reported that New York Mercantile Exchange West Texas Intermediate crude oil fell 4.97% to $99.85 per barrel, with an intraday drop that once exceeded 5%.
London's North Sea Brent crude oil fell 3.10% to $106.98 per barrel. (Edited by Chen Zhengjian) 1150501
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(Central News Agency, London, 1st, Comprehensive foreign news) Iranian media reported that Tehran authorities have submitted a new negotiation proposal to the United States through Pakistani mediators. New York Mercantile Exchange West Texas Intermediate (WTI) crude oil prices consequently plunged 5% intraday today.
Agence France-Presse reported that New York Mercantile Exchange West Texas Intermediate crude oil fell 4.97% to $99.85 per barrel, with an intraday drop that once exceeded 5%.
London's North Sea Brent crude oil fell 3.10% to $106.98 per barrel. (Edited by Chen Zhengjian) 1150501
.
Choose to stand with the facts, your every sponsorship is the power to protect press freedom.
Download the Central News Agency "First-Hand News" APP to grasp the latest news instantly.
Texts, images, and videos on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.