World oil prices have fallen by more than 5%.

In early trading on May 25th in Asian markets, oil prices fell by more than 5% amid growing expectations that the US and Iran would reach an agreement to end the conflict.

Specifically, Brent crude oil prices fell 5.1% to $98.22 per barrel. West Texas Intermediate (WTI) crude oil prices plummeted 5.2% to $91.57 per barrel. Over the past week, the prices of these two key oil types fell sharply as expectations of a potential peace agreement eased concerns about supply shortages.

The decline in oil prices follows the ongoing volatility in the global oil market last week, as prices were dominated by conflicting information regarding the progress of negotiations between the US and Iran, along with lingering concerns about potential supply disruptions in the Middle East.

Meanwhile, the Washington Post, citing an unnamed diplomat, reported that the U.S. and Iran had agreed, as part of a preliminary deal, to fully reopen the Strait of Hormuz within 30 days. According to the newspaper, the parties also agreed to extend the ceasefire for another 60 days to pave the way for a final agreement between the U.S. and Iran.

RG

Source: https://baoangiang.com.vn/gia-dau-the-gioi-giam-hon-5--a486701.html