{"id":74150,"date":"2026-05-29T04:01:50","date_gmt":"2026-05-29T09:01:50","guid":{"rendered":"https:\/\/news2shorts.com\/index.php\/2026\/05\/29\/oil-price-drops-amid-hopes-of-us-iran-peace-deal\/"},"modified":"2026-05-29T04:01:50","modified_gmt":"2026-05-29T09:01:50","slug":"oil-price-drops-amid-hopes-of-us-iran-peace-deal","status":"publish","type":"post","link":"https:\/\/news2shorts.com\/index.php\/2026\/05\/29\/oil-price-drops-amid-hopes-of-us-iran-peace-deal\/","title":{"rendered":"Oil price drops amid hopes of US-Iran peace deal"},"content":{"rendered":"<p>Commodity poised for one of biggest monthly declines, while global stock markets rally<\/p>\n<ul>\n<li>\n<p><a href=\"https:\/\/www.theguardian.com\/business\/live\/2026\/may\/29\/asian-stocks-oil-price-us-iran-peace-deal-business-latest-news-updates\">Business live \u2013 latest updates<\/a><\/p>\n<\/li>\n<\/ul>\n<p>Oil prices fell on Friday as investors hoped for the end of the US-Israel war on Iran, leaving the commodity poised for one of the biggest monthly declines ever.<\/p>\n<p>The price of Brent crude futures, the global benchmark, fell by 1.3% to $91.54. Brent is heading towards one of its biggest monthly drops ever as it nears a fall of 17% since the start of May.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/business\/2026\/may\/29\/oil-price-drops-amid-hopes-of-us-iran-peace-deal\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Commodity poised for one of biggest monthly declines, while global stock markets rally Business live \u2013 latest updates Oil prices fell on Friday as investors hoped for the end of the US-Israel war on Iran, leaving the commodity poised for one of the biggest monthly declines ever. The price of Brent crude futures, the global &#8230; <a title=\"Oil price drops amid hopes of US-Iran peace deal\" class=\"read-more\" href=\"https:\/\/news2shorts.com\/index.php\/2026\/05\/29\/oil-price-drops-amid-hopes-of-us-iran-peace-deal\/\" aria-label=\"Read more about Oil price drops amid hopes of US-Iran peace deal\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-74150","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/74150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=74150"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/74150\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=74150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=74150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=74150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}