The Globe and Mail
🏢 Globe and Mail Inc. (Woodbridge)
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May 25, 2026
· 4 min read
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Oil slips to two-week low as U.S. and Iran seen moving closer to deal
Original article ↗ 🔒 Paywalled source — limited preview availableB.I.A.S. ANALYSIS
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ML v2 (DistilBERT)
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Rolling outlet bias
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Article Excerpt
Oil tumbles nearly 7% as U.S. and Iran seen moving closer to deal
REUTERS
PUBLISHED MAY 25, 2026
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Oil prices fell nearly 7% on Monday as optimism grew that the United States and Iran were moving closer to a peace deal that would reopen the Strait of Hormuz, even though Washington and Tehran played down hopes for an imminent breakthrough.
Brent crude futures were down $7.24, or almost 7%, at $96.30 a barrel at 2:29 p.m. ET and U.S. West Texas Intermediate …
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