{"id":113643,"date":"2026-05-25T10:17:14","date_gmt":"2026-05-25T05:17:14","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=113643"},"modified":"2026-05-25T10:17:14","modified_gmt":"2026-05-25T05:17:14","slug":"global-oil-prices-drop-as-hopes-rise-for-possible-iran-us-agreement","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/global-oil-prices-drop-as-hopes-rise-for-possible-iran-us-agreement\/","title":{"rendered":"Global Oil Prices Drop as Hopes Rise for Possible Iran\u2013US Agreement"},"content":{"rendered":"<p data-start=\"73\" data-end=\"92\">NEW YORK: Crude oil prices recorded a sharp decline in <a href=\"https:\/\/dailyausaf.com\/en\/business\/silver-gold-prices-witness-sharp-decline\/\">global markets<\/a> after optimism grew over the possibility of an agreement between <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Iran<\/span><\/span> and the <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">United States<\/span><\/span>.<\/p>\n<p data-start=\"305\" data-end=\"507\">According to international market reports, oil prices fell by more than 5 percent during early Monday trading in Asian markets as investors reacted to expectations of easing tensions in the Middle East.<\/p>\n<p data-start=\"509\" data-end=\"618\">Benchmark <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Brent Crude Oil<\/span><\/span> dropped by 5.1 percent and was reported at $98.22 per barrel.<\/p>\n<p data-start=\"620\" data-end=\"720\">Meanwhile, <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">West Texas Intermediate (WTI)<\/span><\/span> crude declined by 5.2 percent to $91.57 per barrel.<\/p>\n<p data-start=\"722\" data-end=\"884\">Market analysts linked the downward movement to growing expectations that diplomatic efforts could reduce regional uncertainty and improve energy supply outlooks.<\/p>\n<p data-start=\"886\" data-end=\"1031\">However, US President <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Donald Trump<\/span><\/span> indicated that the chances of an immediate conclusion of an agreement remain limited.<\/p>\n<p data-start=\"1033\" data-end=\"1173\">In a statement shared on social media on Sunday, Trump said he had instructed his representatives not to rush into finalizing any agreement.<\/p>\n<p data-start=\"1175\" data-end=\"1349\">Energy markets continue to closely monitor developments surrounding Iran\u2013US diplomacy, as any breakthrough could significantly influence global oil supply and pricing trends.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK: Crude oil prices recorded a sharp decline in global markets after optimism grew over the possibility of an agreement between Iran and the United States. According to international market reports, oil prices fell by more than 5 percent during early Monday trading in Asian markets as investors reacted to expectations of easing tensions [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":112989,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[10776],"class_list":["post-113643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-global-oil-prices"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/113643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=113643"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/113643\/revisions"}],"predecessor-version":[{"id":113644,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/113643\/revisions\/113644"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/112989"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=113643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=113643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=113643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}