Oil retreats, stocks rise on cautious Mideast war hopes
--------------------------------------------------------------------
Source: The Manila Times
Published: 2026-05-21 00:45 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Europe, Military & Defence, Iran, Energy, Economy & Finance, Financial Markets, World News, Business & Economy, War & Conflict
--------------------------------------------------------------------
Snippet:
LONDON, United Kingdom — Oil prices slid and stock markets advanced Wednesday as Iran said it had allowed around two dozen ships to transit the Strait of Hormuz, easing concerns about the apparent impasse on ending the war in the Middle East.
--------------------------------------------------------------------