Oil Drops Over 6% as Trump Says Iran Talks Near Final Stages

6 articles · Updated · Fox News · May 21

Brent crude fell $6.64 to $104.64 a barrel and WTI dropped $6.49 to $97.66 after Trump said U.S.-Iran negotiations were in their “final stages.”
The selloff reflected bets that a deal with Tehran could ease Middle East conflict risks and reduce the threat of supply disruption that had supported crude prices.
Trump still paired the diplomatic signal with a warning that the U.S. could do “nasty” things if Iran fails to reach an agreement, underscoring that military pressure remains on the table.
The market move came as the dollar eased from a six-week high and as debate over the talks intensified, with former Trump envoy Morgan Ortagus warning Iran could use negotiations to buy time.

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