At the beginning of trading on Asian markets, Brent crude oil fell by more than four percent.
At the beginning of trading on Asian markets, Brent crude oil fell by more than four percent. Oil prices sharply decreased in Asian markets, while futures for U.S. stocks rose amid optimism regarding the possible reopening of the Strait of Hormuz following negotiations between the U.S. and Iran. This was reported by Bloomberg on Monday, May 25.
It is noted that at the start of trading, Brent crude oil fell by more than 4%, to approximately $99.25 per barrel, which is the lowest level in over two weeks.
Recall that, as previously reported by bb.lv, in recent days there have been indications from the U.S. that a deal with Iran will soon be concluded. Thus, the day before, U.S. President Donald Trump stated that the deal between the U.S. and Iran is already "essentially agreed upon." Now, the details need to be finalized.
And on Sunday, an unnamed official from Trump's team told the media that Tehran has allegedly "principally agreed to a framework agreement," and the parties are "95% close to its implementation," while Trump himself is giving five to seven days to finalize the deal.
