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Searching for 'oil deal'. (Return)

CBC Top Stories

May 06, 2026

Markets soar, oil prices plummet as hopes rise for U.S.-Iran peace

Oil prices fell under $100 US following pleas for peace in the Middle East by China's foreign minister, before rising a bit again. Markets in Europe and Asia soared at the same time, as did futures for major Wall Street indexes.

BBC Front Page

May 06, 2026

Oil prices drop and stock markets rise after reports of deal to end Iran war

Reports have raised hopes of an agreement between the US and Iran after days of escalation.

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