Oil prices drop 5% on hints at Iran reopening shipping through Strait of Hormuz; Brent below $95
- Posted on May 27, 2026
- By Business News Today
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Oil prices drop 5% on hints at Iran reopening shipping through Strait of Hormuz; Brent below $95
Oil prices plunged Wednesday on rekindled hopes for progress in US-Iran talks aimed at ending the war in the Middle East.
