Energy & Petrochemicals #crude oil#traders
Crude Oil Prices Plummet Amid Truce Speculations
Crude oil prices have dropped significantly in May, with Brent crude falling 19% due to speculation over a potential truce renewal between the US and Iran. The possible agreement could lead to resumed oil flows through the Strait of Hormuz, impacting global supply.
May 31, 2026 1 source