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Oil prices fall on hopes of Strait of Hormuz reopening

Biggest monthly decline in Brent crude since 2020 comes amid signs US and Iran could be close to a deal

1 report1 sourceMay 29, 2026, 2:02 PM
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Financial TimesMay 29, 2026, 2:02 PM

Oil prices fall on hopes of Strait of Hormuz reopening

Biggest monthly decline in Brent crude since 2020 comes amid signs US and Iran could be close to a deal

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