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Back to stories
2 sourcesMay 25, 2026

Oil slips 5% on hopes of US-Iran deal

Oil prices hit two-week lows on Monday (May 25) on optimism that the United States and Iran were moving closer

Ada Derana Biz•May 25, 2026
Oil slips 6% as US, Iran seen moving closer to peace deal
By Biz Editor
Read full article

What this story is about

People
  • Donald Trump
Organisations
  • West Texas Intermediate
  • Reuters - Oil
  • CNA
Places
  • Strait of Hormuz2
  • United States2
  • Iran2
  • North Sea Brent
  • Kuala Lumpur
  • Middle East
  • Wellington
  • Hong Kong
Keywords
  • closer2
  • slips2
  • deal2
  • optimism
  • moving
  • hopes
  • peace
  • lows
  • seen

Names and places drawn from every article in this story. The number shows how many of them mentioned it.

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Also reported by

2 newsrooms have reported this story

  • Oil slips 5% on hopes of US-Iran dealNewsWire English·May 25, 2026
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