Middle East war: Oil hovers around $100 on hopes of US-Iran deal

🌐 Financial Times (IR) — 2026-05-07

Oil prices are hovering around $100 as hopes for a U.S.-Iran deal continue to impact the market amid escalating tensions in the Middle East. This situation suggests volatility in energy markets and potential economic ramifications.

Markets Commodities Energy oil prices U.S.-Iran deal Middle East energy market

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Middle East war: Oil hovers around $100 on hopes of US-Iran deal

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