Oil slips to 2-week low as US, Iran seen moving closer to peace deal

🌐 Rappler (PH) — 2026-05-25

Oil prices dropped to a two-week low amid reports that the US and Iran are moving closer to a peace deal, although major disagreements persist. Former President Donald Trump has instructed US negotiators to avoid rushing into any agreement with Iran.

Major disagreements remain, and Donald Trump instructs US negotiators not to rush into any agreement with Iran

World Conflict Politics Markets Deals Commodities Energy oil prices US-Iran negotiations peace deal Donald Trump oil market Middle East energy

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Oil slips to 2-week low as US, Iran seen moving closer to peace deal

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