Oil prices traded sharply lower on Wednesday as U.S.-Iran talks continued despite new American attacks on missile sites and mine-laying ships in the Strait of Hormuz.Brent crude futures for August delivery slumped 3.6 percent to $93.22 a barrel while WTI crude futures for July delivery plummeted 4.4 percent to $89.78.Traders and speculators appear hopeful that the United States and Iran could reac...
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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.