Eagle Intelligence Reports

World Oil Prices Drop 5% on Hopes over US-Iran War Talks

Eagle Intelligence Reports • May 7, 2026 •

Global oil prices fell more than five percent Thursday on optimism over talks aimed at ending the Middle East war. International benchmark, Brent North Sea crude, shed 5.1 percent to $96.06 a barrel. The main US contract, West Texas Intermediate, lost 5.5 percent to $89.87. AFP