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Oil Plunges On Reports That U.S. And Iran Are Making Progress Towards Ending The War

Posted on May 6, 2026
By International Business Times
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1 min read

Oil Plunges On Reports That U.S. And Iran Are Making Progress Towards Ending The War

Oil prices are plunging on Wednesday following reports that the U.S. and Iran are making progress towards a memorandum of understanding to end the war.