International Oil Prices Fall Below $100 as Market Awaits Middle East Peace Process
International oil prices fell below $100 per barrel today as the market awaited developments regarding the US ending its Middle East war and reopening the Strait of Hormuz. West Texas Intermediate crude for June delivery dropped to $91.71, while Brent crude for July delivery fell to $97.99.
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- 📰 Published: May 7, 2026 at 21:20
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Key News on US-Iran War
Central News Agency
(Central News Agency New York 7th Comprehensive Foreign Report) As the market awaits the latest developments in the US plan to end the war in the Middle East and reopen the Strait of Hormuz, international oil prices fell today, dropping below the $100 per barrel mark.
As of approximately 7:30 AM US Eastern Time, West Texas Intermediate crude for June delivery on the New York Mercantile Exchange fell by $3.37 or 3.54%, trading at $91.71 per barrel.
London North Sea Brent crude for July delivery fell by $3.28 or 3.24%, trading at $97.99 per barrel. (Translator: Chen Yen-Chun) 1150507
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Central News Agency
(Central News Agency New York 7th Comprehensive Foreign Report) As the market awaits the latest developments in the US plan to end the war in the Middle East and reopen the Strait of Hormuz, international oil prices fell today, dropping below the $100 per barrel mark.
As of approximately 7:30 AM US Eastern Time, West Texas Intermediate crude for June delivery on the New York Mercantile Exchange fell by $3.37 or 3.54%, trading at $91.71 per barrel.
London North Sea Brent crude for July delivery fell by $3.28 or 3.24%, trading at $97.99 per barrel. (Translator: Chen Yen-Chun) 1150507
Stand with the facts, every sponsorship you make is a force to protect press freedom.
Download the Central News Agency 'First-hand News' APP to stay updated with the latest news.
Text, images, and videos on this website may not be reproduced, publicly broadcast, publicly transmitted, or utilized without authorization.