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Oil prices slump again as Trump hints at a potential Iran peace deal
Economy
Published on 6 May 2026
A deal hint is flipping crude prices downward
Oil prices fell for a second straight day, with Brent crude slipping to $108.35 a barrel and U.S. West Texas Intermediate dropping to $100.77. The decline follows a sharp drop in the prior session and comes after remarks by Donald Trump that could point to a possible Iran peace deal, easing supply fears.
- Brent crude futures fell 1.38% to $108.35 per barrel
- WTI June futures dropped 1.47% to $100.77
- Prices slid after a 4% drop in the previous session
- Trump’s Iran peace-deal hint helped drive the downturn
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times