Topic analysis

Oil prices fall below $100 a barrel on hopes of Iran peace deal

On May 25, 2026, Brent crude futures fell 6% to $97.43 per barrel, dropping below $100 for the first time in two weeks, as global markets reacted to hopes of a potential US-Iran peace deal that could reopen the Strait of Hormuz, though key disagreements between the parties remain and an agreement is not imminent. The price drop coincided with gains in Asian and European stock markets, a weakening US dollar, rising gold prices, and shifting investor expectations around global inflation and central bank interest rate policy amid easing concerns over long-term energy supply disruptions.