U.S. oil falls below $89 on report Iran agreement would restore Hormuz traffic in one month

CNBCMay 27, 2026 at 12:53 PM

U. S. crude oil prices fell about 6% Wednesday on a report Iran would restore traffic through the Strait of Hormuz as part of a framework deal with the U. S.

This is a summary. For the full story, read the original article at CNBC.

Original source: CNBC

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