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Oil prices drop 5% on hints at Iran reopening shipping through Strait of Hormuz; Brent below $95

The Economic Times

Oil prices drop 5% on hints at Iran reopening shipping through Strait of Hormuz; Brent below $95

Aris May 27, 2026

Oil prices plunged Wednesday on rekindled hopes for progress in US-Iran talks aimed at ending the war in the Middle East.

Originally published by The Economic Times https://economictimes.indiatimes.com/markets

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