Crude Prices Drop Amid Hopes for Resumption of US-Iran Diplomatic Negotiations

On May 1, 2026, crude oil prices fell due to renewed hopes for diplomatic negotiations between the United States and Iran. June WTI crude (CLM26) dropped by -3.13 (-2.98%), while gasoline also declined from a multi-year high.

By Rich Asplund May 1, 2026 5 min read · Yahoo Finance · May 1, 2026, 19:18 UTC

Crude Prices Drop Amid Hopes for Resumption of US-Iran Diplomatic Negotiations

Topics: crude oil gasoline prices US-Iran negotiations

Read the full article at Yahoo Finance

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