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The US-Israel-Iran war · Energy, shipping and markets

Brent falls more than 5 percent to about $98 as markets react to Trump's deal remarks

Reportedon one origin only: 1 distinct origin, 0 tied to no party.

Brent crude fell more than 5 percent on 24 May and July futures stood at $97.94 a barrel at 04:00 GMT on 25 May, about 9 percent lower than a month earlier but more than a third above pre-war levels, Al Jazeera reported. An analyst at Sparta said 10 to 11 million barrels a day of crude remained shut in while the strait stays closed.

When
24 May 2026
Where
Strait of Hormuz, No single country
What
market
Attribution
Not attributed. Market movement.
In the record
Published 2026-10-27 21:03 UTC · revision 1 · backfilled

Sources

  1. Evidence Al Jazeera Media · Government of Qatar origin: Al Jazeera market reporting · published 2026-05-25 00:00 UTC

History

WhenFieldFromToWhy
2026-10-27 21:03 UTCstatusnullreportedP1 backfilled: researched from cited sources and graded by the one rule

Cite or reuse

The War Record, "Brent falls more than 5 percent to about $98 as markets react to Trump's deal remarks", ev-20261027-d6my, revision 1, https://thewarrecord.com/events/ev-20261027-d6my/

This month's events as JSON (id ev-20261027-d6my) · CC BY 4.0