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geopoliticsbearishWTIPublished May 25, 2026, 4:00 PM

US-Iran ceasefire talks advance, oil prices drop over 4%

US-Iran ceasefire talks advance, oil prices drop over 4%
On May 24, 2026, President Trump stated the Iran deal is largely negotiated with a dispute over Strait of Hormuz reopening, while US blockade remains; oil futures fell more than 4% amid peace hopes, with stocks rising and dollar sliding.

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