Oil prices slumped to hit two-week lows on Monday amid expectations that a potential U.S.-Iran peace deal could restore smoother energy flows through the key shipping route.Brent crude futures for August delivery tumbled 4.8 percent to $95.44 a barrel while WTI crude futures for July delivery were down 5.2 percent at $91.56.Media reports suggest that the U.S. and Iran are closing in on a deal to e...
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Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.