Jacob Smith

25 May 2026

Global crude oil prices dropped by more than 5% after Donald Trump in… – Jacob Smith

Global crude oil prices dropped by more than 5% after Donald Trump indicated that negotiations with Iran regarding the reopening of the Strait of Hormuz were advancing positively. Trump said discussions were proceeding in a “constructive manner” but stressed that the United States would not rush into a final agreement. Investors reacted positively to hopes of reduced tensions in the Middle East and improved stability in global energy supplies. #OilPrices #DonaldTrump #Iran #UnitedStates #Economy