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Oil price falls below $100

2026-05-06 14:19:22Kosova&Bota SHKRUAR NGA REDAKSIA VOX
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The drop in oil prices and the rise in global stock markets came after signals of a possible easing of tensions between the United States and Iran. According to reports, the parties are close to an agreement that could pave the way for an end to the conflict and the start of deeper negotiations.

Brent crude, the global benchmark, fell below $100 a barrel, after earlier in the day it had topped $108. Meanwhile, stock markets reacted positively: the FTSE 100 index rose by over 2%, while the DAX and CAC 40 rose by close to 3%. In the United States, the S&P 500 index rose slightly, by under 1%.

The impetus for these developments came after Axios reported that a short draft agreement could serve as a basis for stopping the conflict and opening new talks on nuclear issues.

However, despite the recent decline, oil prices remain significantly higher than the level of around $70 per barrel that was before the escalation of the conflict between the United States, Israel and Iran, which has affected energy production and transportation in the region.

One of the most critical points remains the Strait of Hormuz, a vital corridor through which about 20% of global oil and gas supplies pass. Threats of attacks on ships in this area have increased insecurity and directly impacted international energy markets, keeping gas and oil prices high.


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