Oil slips, stocks in Asia rise on Iran optimism

Brent crude oil dropped 2.7% to around $109 a barrel after Trump said plans for a strike on Iran were called off following appeals from Persian Gulf allies, adding that “serious negotiations are now taking place.”

May 19, 2026 - 06:00
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Oil slips, stocks in Asia rise on Iran optimism
Brent crude oil dropped 2.7% to around $109 a barrel after Trump said plans for a strike on Iran were called off following appeals from Persian Gulf allies, adding that “serious negotiations are now taking place.”

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