Oil prices fall more than 4% after Trump says Iran talks proceeding in a 'constructive manner'
Oil prices experienced a significant drop of over 4% following President Trump's comments on Iran negotiations. West Texas Intermediate futures decreased nearly 5%, while Brent futures also saw a similar decline. Trump stated that the talks are progressing constructively and emphasized that there is no rush to finalize a deal.
- ▪Crude oil prices fell more than 4% on Sunday.
- ▪West Texas Intermediate futures fell nearly 5% to $92.05 per barrel.
- ▪Brent futures lost almost 5% to $98.88 per barrel.
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| Original publisher | CNBC — Top |
| Canonical URL | https://www.cnbc.com/2026/05/24/oil-price-iran-war-strait-hormuz-trump-peace-talks.html |
| Publication time | Sun, 24 May 2026 22:47:34 GMT |
| Retrieval time | 2026-05-24T22:52:34.900Z |
| Last seen | 2026-05-24T22:52:34.900Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | Zf7SjPd2M12u · 3 stories |
| Cluster logic | Grouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison. |
| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
| Substitutes article? | No — link-out required for full text |
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| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
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Opening excerpt (first ~120 words) tap to expand
Crude oil prices fell more than 4% on Sunday, after President Donald Trump indicated that talks with Iran to reopen the Strait of Hormuz are advancing. West Texas Intermediate futures fell nearly 5% to $92.05 per barrel by 6:40 p.m. ET. International benchmark Brent futures also lost almost 5% to $98.88 per barrel."The negotiations are proceeding in an orderly and constructive manner, and I have informed my representatives not to rush into a deal in that time is on our side," Trump said Sunday in a social media post.The U.S. president said Saturday that an agreement with Iran to open Hormuz, among other issues, was largely negotiated and would be announced soon. This is a developing story. Please refresh for updates.
Excerpt limited to ~120 words for fair-use compliance. The full article is at CNBC — Top.
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