Published May 6, 2026, 5:10 AM ET · Updated 6 months ago · 2 sources

Oil Slumps After Report US and Iran Near Deal to End War

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Original Report
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Oil Slumps After Report US and Iran Near Deal to End War

Oil slumped for a second day after Axios reported that the US and Iran are getting close to a one-page memorandum of understanding to end the war.