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Oil prices fall 7% after Trump says Iran talks are 'proceeding nicely'

Trump had said an agreement with Iran to open the Strait of Hormuz, among other issues, was largely negotiated and would be announced soon.

Oil prices fall 7% after Trump says Iran talks are 'proceeding nicely'

Trump had said an agreement with Iran to open the Strait of Hormuz, among other issues, was largely negotiated and would be announced soon.

Geopolitics CNBC May 25, 2026

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