Oil prices decreased on May 25, 2026, as negotiations took place between the Trump administration and Iran regarding the reopening of the Strait of Hormuz and efforts to address the ongoing conflict in the Middle East. West Texas Intermediate crude futures fell by 6.1% to $90.68, while Brent crude futures also experienced a decline.
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Oil Prices Decrease Amid US-Iran Negotiations
On May 25, 2026, oil prices fell as the Trump administration engaged in negotiations with Iran about reopening the Strait of Hormuz and resolving the Middle East conflict. West Texas Intermediate crude futures dropped by 6.1% to $90.68.
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Oil prices dip amid optimism over potential US-Iran deal
Oil Prices Decrease Amid US-Iran Negotiations