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Mawratanews.lk | Sri Lanka Latest Sinhala News and Headlines
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Asian Crude Prices Drop Sharply After Trump Signals Strait of Hormuz Deal With Iran

May 26, 2026
in News
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Asian Crude Prices Drop Sharply After Trump Signals Strait of Hormuz Deal With Iran
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Asian crude oil prices have declined sharply after US President Donald Trump stated that the Strait of Hormuz would be opened as part of a deal with Iran, which is now in the final stages of negotiations. Sri Lanka Latest News

Accordingly, Brent crude prices fell by 5% to $97.90 yesterday. Meanwhile, US WTI crude prices dropped by 5.3% to $90.93.

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