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Oil drops 20% from 2026 peak on optimism over U.S.-Iran ceasefire talks

  • Posted on May 29, 2026
  • By CNBC
  • 0 Views
  • 1 min read
Oil drops 20% from 2026 peak on optimism over U.S.-Iran ceasefire talks
Oil drops 20% from 2026 peak on optimism over U.S.-Iran ceasefire talks

Global oil prices have retreated sharply amid hopes that a lasting Middle East ceasefire can unlock the Strait of Hormuz.
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Author
CNBC

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