Oil prices fall over 5 per cent on hopes for Iran deal - BNN Bloomberg
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Heuristic (v1/v3)
0.00 · CENTER
ML v2 (DistilBERT)
0.298 · RIGHT
Ensemble
0.149 · CENTER
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Article Excerpt
Oil prices plunged more than five per cent in Asian early trading on Monday as hopes of a U.S.-Iran deal to end the Middle East war rose despite comments from U.S. President Donald Trump downplaying its imminence. As of around 2300 GMT on Sunday, the price of North Sea Brent crude slipped 5.1 per cent to US$98.22 per barrel, while West Texas Intermediate fell 5.2 per cent to US$91.57 a barrel. Trump tempered expectations of an agreement to end the war, saying in a Sunday social media post that he had “informed my representatives not to rush into a deal in that time is on our side”. The conflic…
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May 30, 2026
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