Oil Prices Plummet on Optimism Over Iran Peace Breakthrough

Deep News05-07

Oil prices extended their decline during early European trading as optimism grew over a potential peace agreement that could end the conflict involving Iran and gradually reopen the Strait of Hormuz. Brent crude fell below $100 per barrel, with the July contract dropping 2.6% to $98.60 per barrel. West Texas Intermediate crude for June delivery declined 2.5% to $92.79 per barrel. The sell-off accelerated after Saudi Arabian news outlet Al Arabiya, citing unnamed sources, reported that intense negotiations aimed at establishing a framework to reopen the strait are still ongoing. Brent crude has fallen more than 10% over the course of the week.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1112503306?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-07 16:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1112503306","market":"nz","top_or_hot":-1,"title":"Oil Prices Plummet on Optimism Over Iran Peace Breakthrough","media":"Deep News","content":"<p>Oil prices extended their decline during early European trading as optimism grew over a potential peace agreement that could end the conflict involving Iran and gradually reopen the Strait of Hormuz. Brent crude fell below $100 per barrel, with the July contract dropping 2.6% to $98.60 per barrel. West Texas Intermediate crude for June delivery declined 2.5% to $92.79 per barrel. The sell-off accelerated after Saudi Arabian news outlet Al Arabiya, citing unnamed sources, reported that intense negotiations aimed at establishing a framework to reopen the strait are still ongoing. Brent crude has fallen more than 10% over the course of the week.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil Prices Plummet on Optimism Over Iran Peace Breakthrough</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil Prices Plummet on Optimism Over Iran Peace Breakthrough\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-05-07 16:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Oil prices extended their decline during early European trading as optimism grew over a potential peace agreement that could end the conflict involving Iran and gradually reopen the Strait of Hormuz. Brent crude fell below $100 per barrel, with the July contract dropping 2.6% to $98.60 per barrel. West Texas Intermediate crude for June delivery declined 2.5% to $92.79 per barrel. The sell-off accelerated after Saudi Arabian news outlet Al Arabiya, citing unnamed sources, reported that intense negotiations aimed at establishing a framework to reopen the strait are still ongoing. Brent crude has fallen more than 10% over the course of the week.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VDE","symbol_name":"Vanguard Energy ETF","start_time":0,"source_url":"","article_id":"1112503306","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1112503306","pubTimestamp":1778142035,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"Oil prices extended their decline during early European trading as optimism grew over a potential peace agreement that could end the conflict involving Iran and gradually reopen the Strait of Hormuz....","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"VDE":"Vanguard Energy ETF","DBE":"能源商品ETF-PowerShares","IEO":"iShares Dow Jones U.S. Oil & Gas","XES":"SPDR S&P Oil & Gas Equipment & Services ETF","DRIP":"Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares","OIH":"石油服务ETF","BK4570":"地缘局势概念股","USE":"USCF Energy Commodity Strategy Absolute Return Fund","DIG":"二倍做多美国油气指数","PXJ":"Invesco Oil & Gas Services ETF","GUSH":"Direxion Daily S&P Oil &Gas Exp. & Prod. Bull 2X Shares","FTXN":"First Trust Nasdaq Oil & Gas ETF","BK4585":"ETF&股票定投概念","DRLL":"Strive U.S. Energy ETF","USOI":"ETRACS Crude Oil Shares Covered Call ETN","UGA":"United States Gasoline Fund LP","USL":"United States 12 Month Oil Fund LP","OILK":"ProShares K-1 Free Crude Oil ETF","OILT":"Texas Oil Index ETF","DUG":"二倍做空石油与天然气ETF(ProShares)","BNO":"美国布伦特原油基金有限合伙企业","ERX":"二倍做多能源ETF-Direxion","OILU":"MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN","IXC":"全球能源业ETF-iShares","DBO":"原油ETF-PowerShares","BWET":"BREAKWAVE TANKER SHIPPING ETF","BK4588":"碎股","DBC":"商品指数ETF-PowerShares DB"},"translate_title":"对伊朗和平突破的乐观情绪导致油价暴跌","themeId":"92567cada6f90d56c932660a5cf4e847","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XES":1,"DIG":1,"DRLL":1,"DBE":1,"DRIP":1,"OIH":1,"USOI":1,"USE":1,"DBO":1,"BWET":1,"IEO":1,"ERX":1,"GUSH":1,"OILU":1,"FTXN":1,"UGA":1,"IXC":1,"PXJ":1,"USL":1,"VDE":1,"OILT":1,"OILK":1,"DUG":1,"BNO":1,"DBC":1},"content_text":"Oil prices extended their decline during early European trading as optimism grew over a potential peace agreement that could end the conflict involving Iran and gradually reopen the Strait of Hormuz. Brent crude fell below $100 per barrel, with the July contract dropping 2.6% to $98.60 per barrel. West Texas Intermediate crude for June delivery declined 2.5% to $92.79 per barrel. The sell-off accelerated after Saudi Arabian news outlet Al Arabiya, citing unnamed sources, reported that intense negotiations aimed at establishing a framework to reopen the strait are still ongoing. Brent crude has fallen more than 10% over the course of the week.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.4","shortVersion":"4.42.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1112503306","isCrawlerRequest":true}