Rumors of US-Iran Agreement See Brent Crude Drop Below US$100 a Barrel
Amid optimism for an end to the Middle East war, Brent crude fell below US$100 a barrel, and WTI crude dropped below US$90. Major European stock indexes all rose.
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- 📰 Published: May 6, 2026 at 20:25
- 🔍 Collected: May 6, 2026 at 20:31 (6 min after Published)
- 🤖 AI Analyzed: May 6, 2026 at 20:35 (3 min after Collected)
Middle East War Key News
Central News Agency
(CNA London, May 6, comprehensive foreign report) -- Driven by market optimism that the war in the Middle East may be coming to an end, oil prices plummeted today, with international benchmark Brent crude falling below US$100 a barrel.
Agence France-Presse reported that Brent Crude plunged nearly 11%, falling below US$100 per barrel. West Texas Intermediate (WTI), the US benchmark crude futures contract, plummeted 12%, falling below US$90 per barrel.
European natural gas prices fell 11%.
News of the agreement boosted stock markets, with the London FTSE 100 index surging 2.3% at midday. In the Eurozone, the Paris CAC 40 index and the Frankfurt DAX index both rose about 3%.
According to US media Axios, Washington believes that the United States and Iran are close to reaching an agreement to reopen the Strait of Hormuz and end the war. (Compiled by: Ho Hung-ju) 1150506
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Central News Agency
(CNA London, May 6, comprehensive foreign report) -- Driven by market optimism that the war in the Middle East may be coming to an end, oil prices plummeted today, with international benchmark Brent crude falling below US$100 a barrel.
Agence France-Presse reported that Brent Crude plunged nearly 11%, falling below US$100 per barrel. West Texas Intermediate (WTI), the US benchmark crude futures contract, plummeted 12%, falling below US$90 per barrel.
European natural gas prices fell 11%.
News of the agreement boosted stock markets, with the London FTSE 100 index surging 2.3% at midday. In the Eurozone, the Paris CAC 40 index and the Frankfurt DAX index both rose about 3%.
According to US media Axios, Washington believes that the United States and Iran are close to reaching an agreement to reopen the Strait of Hormuz and end the war. (Compiled by: Ho Hung-ju) 1150506
Choose to stand with facts, your every sponsorship is the power to protect press freedom.
Download the CNA 'First-hand News' APP to stay updated with the latest news.
The text, images, and audio-visual content on this website may not be reproduced, broadcast, transmitted, or utilized without authorization.