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Brent Crude Falls Below 100 as US Iran Deal Hopes Spark Oil Rout
Economy
Published on 6 May 2026
Oil slid despite no confirmed deal yet
Brent crude fell below $100 a barrel on fresh hopes of easing Middle East tensions after renewed US-Iran deal talk. The North Sea benchmark dropped 9.3% to $99.64, while US West Texas Intermediate plunged 10.7% to $91.33, signaling a sharp shift in market expectations toward a potential end to hostilities.
- Brent slid under $100 amid US-Iran deal optimism
- North Sea crude dropped 9.3% to $99.64
- WTI fell 10.7% to $91.33
- Traders priced in a possible easing of Middle East war risks
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times