
Why Is Oil Down 3% Today, 5/26/26?

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Brent crude oil prices fell over 3% as U.S.-Iran peace negotiations continue. The focus is on Iran potentially reopening the Strait of Hormuz, crucial for global oil flows, after clearing mines. No deal has been finalized, with key issues like Iran's nuclear program and frozen funds still unresolved, according to Secretary of State Marco Rubio.
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