empty
 
 

27.05.202609:17:01UTC+00Brent Falls Toward 5-Week Low

Brent crude oil futures fell about 3% to $96.60 per barrel on Wednesday, approaching a five-week low, as optimism grew that the United States and Iran could reach a peace agreement despite continuing hostilities. US Secretary of State Marco Rubio noted that any potential deal could still take several days to finalize. Simultaneously, US forces carried out strikes on targets near the strategic strait, while Iran’s Revolutionary Guard claimed it had fired at multiple US aircraft that entered Iranian airspace. The critical waterway, which typically handles around 20% of global oil and LNG shipments, remains effectively closed due to blockades imposed by both sides. However, two non-Iranian supertankers successfully passed through the chokepoint on Tuesday, marking the first significant movement of unrestricted crude in a week.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback