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2026-05-24 10:43:54
[International Oil Market: US-Iran Peace Talks Show Signs of Progress, International Oil Prices Plunge Over 10% in Dark Market] 1. In the early hours of May 24th, Beijing time, influenced by expectations of a breakthrough in US-Iran peace talks, the international crude oil dark market suddenly plunged. Both New York crude oil and Brent crude oil dark markets plummeted, with declines exceeding 10% at one point. As of press time, both contracts were still down over 8%. 2. On May 23rd, Eastern Time, US President Trump posted on social media that the US and Iran had "basically reached" a peace agreement, which is currently awaiting finalization by the US, Iran, and relevant Islamic countries. Key aspects of the agreement include opening the Strait of Hormuz, which has been blocked for a long time due to the war and carries approximately one-fifth of global oil shipments. 3. Iran immediately responded, stating that the two sides are in the final stages of finalizing a memorandum of understanding, and the current focus of negotiations is on ending the "imposed war," without addressing key details such as Iran's nuclear program and the disposal of enriched uranium. Meanwhile, Iran stated that even if an agreement is ultimately reached, the Strait of Hormuz will continue to be managed by Iran, rather than being restored to its pre-war "free passage" status. 4. Market expectations have diverged significantly. Trump stated he was "50/50" about reaching a "good deal," and the negotiating team would decide on the 24th whether to resume military action against Iran. Israeli Prime Minister Netanyahu, however, urgently convened security officials that evening to discuss the draft agreement, expressing concern that the terms were "very unfavorable to Israel."
