Oil Falls Below $100 After Trump Pauses Hormuz Push as Iran Deal Hopes Build
Washington, May 6, 2026, 07:16 (EDT) Brent crude fell below $100 a barrel on Wednesday after President Donald Trump paused the U.S. “Project Freedom” effort in the Strait of Hormuz and reports of progress toward a U.S.-Iran framework deal lifted hopes that the war could be nearing a turn. The global benchmark was trading about 9% lower at $99.79 a
