Oil prices fell sharply on Tuesday after U.S. President Donald Trump said "serious negotiations" are underway to end the war with Iran. Brent crude futures for July delivery were down 1.6 percent at $110.30 a barrel, while WTI crude futures fell a little more than 1 percent to $103.31.Investors pinned hopes for a U.S.-Iran ceasefire deal after Tehran reportedly sent a new peace proposal via Pakist...
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Market Analysis
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.