US oil prices drop below $96 per barrel as US-Iran agreement nears
US oil prices have fallen below $96 per barrel as negotiations between the US and Iran progress towards a potential agreement. WTI crude futures dropped over 6%, reaching $95.28 per barrel, marking a significant decline. The easing of tensions has also positively impacted the cryptocurrency market, with Bitcoin rising to its highest level in three months.
- ▪WTI crude futures fell to $95.28 per barrel, a decline of more than 6% in a single session.
- ▪The drop in oil prices is attributed to diplomatic progress between the US and Iran regarding a framework agreement.
- ▪Bitcoin surged to over $82,000, reflecting increased risk appetite across various asset classes.
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US oil prices drop below $96 per barrel as US-Iran agreement nears WTI crude futures tumbled over 6% as diplomatic progress between Washington and Tehran reshuffled risk appetite across oil, equities, and crypto markets. Share Add us on Google by Editorial Team May. 21, 2026 (function () { var s = document.currentScript; var wrapper = s && s.closest ? s.closest('.cb-sevioads-inarticle') : null; var inMobile = wrapper && wrapper.closest('#mobile-articles'); var inDesktop = wrapper && wrapper.closest('#desktop-articles'); if (inMobile || inDesktop) { var isDesktopVp = window.matchMedia('(min-width: 768px)').matches; var matches = (inMobile && !isDesktopVp) || (inDesktop && isDesktopVp); if (!matches) { var sevioDiv = wrapper.querySelector('.sevioads'); if (sevioDiv)…
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