Brent crude oil fell 4.3% to $96.96 per barrel on May 7, 2026, during volatile trading, as renewed hopes of a U.S.-Iran peace deal emerged, according to market analysts. The benchmark slipped $4.31 from its May 6 close, with intraday fluctuations of up to 4.6%, exchange data showed. Shipping giant Maersk warned that even if a peace agreement were reached soon, high energy costs would persist due to structural supply constraints. Market Details Brent crude futures traded in an unsettled session on May 7, with prices fluctuating as much as 4.6% from the previous day’s close, according to exchange data.…
Newswire
U.S. nears framework for Iran deal as Trump demands surrender of enriched uranium President Trump announced Iran has agreed not…
Oil Trader Nets Estimated $125 Million on Suspiciously Timed Bet Ahead of U.S.-Iran Deal Report Nearly 10,000 crude oil short…
Key Takeaways A Raleigh woman shot her ex-boyfriend in self-defense after he vandalized her car and fired shots at her…
Overview Israeli authorities on May 7 indicted Yona Schreiber, a 36-year-old Jewish man from the West Bank settlement of Peduel,…
WASHINGTON, DC — The Bureau of Alcohol, Tobacco, Firearms and Explosives has published a draft of a revised Form 4473,…
Features
The Latest
Iran rejected Azerbaijan’s accusations of launching drone strikes on Nakhchivan, suggesting Israel orchestrated the attack to frame Tehran. Iranian officials,…
Iran’s Revolutionary Guard launched unprecedented kamikaze drone strikes against Amazon and Microsoft data centers in Bahrain and the UAE, marking…
Supreme Court orders appeals courts to defer to immigration judges in asylum cases The Supreme Court of the United…
The world’s largest LNG exporter suspends shipments indefinitely due to Red Sea tensions and Iranian drone strikes, plunging Europe into…
A chocolate-flavored male enhancement supplement, Rhino Choco VIP 10X, is being voluntarily recalled after the Food and Drug Administration (FDA) found it…
House Oversight Committee votes to subpoena AG Pam Bondi in Epstein probe amid transparency concerns The House Oversight Committee…