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Oil Declines on US-Iran Ceasefire Optimism
Posted
May 29, 2026
Views
8,205
Likes
98
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37
Engagement
1.65%
May 29, 2026
8,205
98
37
1.65%
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3:18Now PlayingOil fell as the US and Iran tentatively agreed to extend a ceasefire by 60 days. Brent is set for its biggest monthly drop since 2020 on optimism that flows through the Strait of Hormuz may resume. Bloomberg's Stephen Stapczynski reports.
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