New Overnight Developments Abroad - Daily Update
Big Overnight Drop in the Price of Oil
May 27, 2026
The news regarding U.S.-Iranian negotiations remains confusingly mixed, but the market’s attention has honed in on an optimistic comment on Iranian state news predicting a return to pre-war shipping traffic through the Strait of Hormuz within a month. In response, the price of WTI crude dived as low as $87.77 (a 40-day trough) and is […] More
