Live: Oil falls on peace deal hopes and ASX set to rise
Oil prices have dropped nearly 7% as optimism grows over potential peace talks between the U.S. and Iran. Analysts caution that even if a deal is reached, normal oil flows may take months to resume. The Australian stock market is expected to rise in response to these developments.
- ▪Oil prices fell nearly 7% on Monday amid hopes for a peace deal between the U.S. and Iran.
- ▪Iran's top negotiator is in Doha discussing a potential agreement to end the ongoing conflict.
- ▪Analysts warn that even if a deal is reached, it could take months for oil flows to normalize.
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liveLive: Oil falls on peace deal hopes and ASX set to riseBy business reporter Daniel ZifferTopic:Stock MarketTue 26 May 2026 at 7:22amTue 26 May 2026 at 7:22amTue 26 May 2026 at 7:22amSkip to timelineabc.net.au/news/asx-markets-business-live-news-oil-price-falls/106721278Link copiedShareShare articleThe oil price has fallen 7 per cent on hopes the conflict in Iran will end in a peace deal. Follow the day's financial news and insights from our specialist business reporters on our live blog.Disclaimer: this blog is not intended as investment advice.Live updatesCollapse all postsoffSortSort posts Latest Select an optionLatestOldestNew: FiltersChoose what information you see below by using filtersFilter PostsAll3Market snapshot1Tue 26 May 2026 at 7:29amTue 26 May 2026 at 7:29amOil slick,…
Excerpt limited to ~120 words for fair-use compliance. The full article is at ABC News (Australia).