Crude Oil (WTI)

Commodity

XD0015948363

Delayed OTC Data Services 00:57:58 16/05/2026 +04			5-day change	1st Jan Change
101.12 ^USD	-0.73%		+6.78%	+76.31%

11:48am	Iraq exported 10 million barrels of oil through Strait of Hormuz in April	RE
11:09am	Trump says Xi agrees Iran must open strait, but no sign China will weigh in	RE

Oil Prices Tumble as US-Iran Diplomatic Efforts Gain Traction

Published on 05/06/2026 at 08:17 pm +04

MT Newswires

CRUDE OIL (WTI)

-0.73%

CRUDE OIL (BRENT)

+2.49%

Oil briefly dips below $100 as markets react to renewed hopes of a US, Iran deal. Bloomberg's Mia Gindis breaks down why traders may be overreacting, how thin market participation is distorting prices, and why even a diplomatic breakthrough will not fix supply overnight.

Bloomberg videos, provided by MT Newswires

Stocks mentioned in the article

	Add to a list 0 selected To use this feature you must be a member Log in Sign up	Approximate price	Change	5d. change	Capi.
	WTI	101.12USD	-0.73%	+6.78%	-
	BRENT CRUDE OIL SPOT	109.14USD	+2.49%	+8.71%	-

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