Crude oil prices have tumbled on Tuesday as optimism about a U.S.-Iran peace deal that could lead to reopening of the Strait of Hormuz soon grows despite reports of fresh U.S. strikes on Iran yesterday.WTI Crude Oil for July month delivery was last seen trading down by $2.72 (or 2.82%) at $93.88 per barrel.The U.S.-Israel versus Iran war is nearing the end of third month.Since the start of the war...
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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.