Oil prices ease on renewed hopes of US-Iran peace deal

calendar_today May 25, 2026 schedule 09:07 visibility 67 views

Source: France 24

Oil futures slid on Monday as traders assessed US President Donald Trump's announcement over the weekend that a deal with Iran had been "largely negotiated". The benchmark Brent crude still remains much higher than when the war started on February 28. Also in this edition: some commercial vessels are managing to cross the Strait of Hormuz. Plus, Ferrari is set to launch its first fully electric supercar model.

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