May 12, 2026
Oil heads for weekly drop below $110 amid Iran talks and market jitters

Oil prices are on track to close the week below $110 per barrel after sharp swings in trading, driven by shifting geopolitical signals and supply-side developments. Brent crude’s June contract briefly surged to $126 per barrel on Thursday before easing, as markets reacted to Iran’s proposal for renewed negotiations sent to the Trump administration through […]
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