Brent Holds Losses as Iran Deal Eyed

2026-05-25 23:37 By Jam Kaimo Samonte 1 min. read

Brent crude futures stayed near $97 per barrel on Tuesday after plunging over 6% in the previous session, as rising optimism over a potential US-Iran agreement that would end the conflict and reopen the Strait of Hormuz continued to weigh on prices.

President Donald Trump said negotiations were progressing well, although he warned that fresh attacks could follow if talks collapsed, while a Pakistani mediator reportedly told China that an agreement was nearing.

The US and Iran are currently discussing a framework that would extend the ceasefire for roughly two months, during which Washington would lift its blockade and Tehran would reopen the Strait of Hormuz.

Still, several key issues remain unresolved, particularly Iran’s nuclear program and its demand to retain authority over maritime traffic through the vital waterway.

At the same time, continued tensions around Hormuz, including reports of American and Israeli strikes on Iranian vessels, kept investors wary.



News Stream
Brent Holds Losses as Iran Deal Eyed
Brent crude futures stayed near $97 per barrel on Tuesday after plunging over 6% in the previous session, as rising optimism over a potential US-Iran agreement that would end the conflict and reopen the Strait of Hormuz continued to weigh on prices. President Donald Trump said negotiations were progressing well, although he warned that fresh attacks could follow if talks collapsed, while a Pakistani mediator reportedly told China that an agreement was nearing. The US and Iran are currently discussing a framework that would extend the ceasefire for roughly two months, during which Washington would lift its blockade and Tehran would reopen the Strait of Hormuz. Still, several key issues remain unresolved, particularly Iran’s nuclear program and its demand to retain authority over maritime traffic through the vital waterway. At the same time, continued tensions around Hormuz, including reports of American and Israeli strikes on Iranian vessels, kept investors wary.
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Brent Prices Fall Sharply
Brent crude futures tumbled nearly 6% to below $98 a barrel on Monday, as optimism grew that the US and Iran could soon reach an agreement to end the conflict and reopen the Strait of Hormuz. Still, uncertainty remains high, with officials on both sides signaling that key issues are yet to be resolved and continuing to send mixed messages on the progress of negotiations. US President Trump said that “the deal with Iran will either be a great and meaningful one, or there will be no deal,” while an Iranian Foreign Ministry spokesman noted that “a consensus was reached on many of the topics discussed, but no one can claim that the signing of an agreement is imminent”. Despite the lingering uncertainty, ship-tracking data indicated a gradual easing in regional disruptions, with three liquefied natural gas tankers recently passing through the Strait of Hormuz en route to Pakistan, China, and India.
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