Oil, Dollar Fall on Expectations Over Iran Deal: Markets Wrap
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Article Excerpt
4tulosby{vh72xz0oco8z)e{_media_dl_1.png Bloomberg Article content (Bloomberg) — Crude oil fell to the lowest level in more than two weeks and the dollar weakened on expectations that a deal to reopen the Strait of Hormuz and restore oil flows may be near. Article content Brent dropped more than 5% to about $98 a barrel as the US and Iran appeared to close in on a deal. The dollar weakened against all its Group-of-10 peers, gold jumped and US equity-index futures rallied on the optimism that a deal will help resume the flow of energy through the vital Middle East artery and ease inflation press…
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May 25, 2026
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