Oil prices plunge on reports US and Iran nearing peace deal | The National
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Source: The National (UAE)
Published: 2026-05-06 22:29 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Military & Defence, Iran, Energy, World News, Business & Economy, War & Conflict
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Snippet:
Oil prices slumped more than 10 per cent on Wednesday after reports that the US and Iran are nearing a deal to end the war that has strangled a fifth of global oil and gas supplies.
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