📰 **Oil prices fall sharply on report U.S. and Iran closing in on a deal to end war**

Oil prices fell after Trump said the U.S. would pause its naval escort endeavor in the Strait of Hormuz, raising hopes of a potential deal with Iran. 

🔗 https://www.cnbc.com/2026/05/06/oil-prices-trump-pauses-strait-of-hormuz-escort-effort.html

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