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
The United States is known for its sanctions that don’t accomplish anything. Now China is trying the same tactic. Beijing…
Estimated reading time: 12 minutesWhen you are building up a stockpile, it can be a financial worry. Even when you…
The FDA has approved the first oral version of the blockbuster weight-loss drug Wegovy, a daily pill from Novo Nordisk. Clinical…
Multiple unmarked Janet Airlines flights (operated by the U.S. Air Force) were tracked heading to Area 51 in late February,…
Chinese national charged with smuggling deadly bacteria into the U.S. A Chinese post-doctoral researcher on a J-1 visa has…
New course backed by neuroscience explains how to break free from ADDICTION in 21 days ”Addiction Rescue” is an…