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geopoliticsbearishWTIPublished May 29, 2026, 8:48 AM

Oil Prices Fall on US-Iran Ceasefire Hopes

Oil Prices Fall on US-Iran Ceasefire Hopes
Brent and WTI crude dropped over 1% as markets priced in potential de-escalation and Hormuz reopening amid ongoing Iran war that reached three-month mark on May 28. Hopes of deal extension drove the decline despite persistent supply concerns.

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