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International Oil Prices Plummet Amid Turnaround in Middle East Situation

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Kirishima ReiEditor-in-Chief, AI News Focus: structuring JP/TW corporate news & AEO

Published May 21, 2026 6:20 AM ・ Updated May 21, 2026 6:34 AM ・ 2 min read ・ Source: CNA (Central News Agency)

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⚡ Key Points

International oil prices plummeted on the 20th after U.S.
President Trump stated that negotiations with Iran are in the "final stages," renewing market hopes for the resumption of shipping in the Strait of Hormuz.
West Texas Intermediate (WTI) crude for July delivery fell 5.7% to $98.26 per barrel, while London's North Sea Brent crude for July settlement slid 5.6% to $105.02 per barrel.

International oil prices plummeted on the 20th after U.S. President Trump stated that negotiations with Iran are in the "final stages," renewing market hopes for the resumption of shipping in the Strait of Hormuz. West Texas Intermediate (WTI) crude for July delivery fell 5.7% to $98.26 per barrel, while London's North Sea Brent crude for July settlement slid 5.6% to $105.02 per barrel.

PRIMARY SOURCE Original source: https://www.cna.com.tw/news/afe/202605210012.aspx Distributor: CNA (Central News Agency)
Published: May 21, 2026

(CNA, New York, 20th, combined wire report) International oil prices plummeted today after U.S. President Trump said that negotiations with Iran have entered the "final stages," renewing market hopes for the resumption of shipping in the Strait of Hormuz. On the New York Mercantile Exchange, West Texas Intermediate crude for July delivery fell 5.7% to close at $98.26 per barrel. London's North Sea Brent crude for July settlement slid 5.6% to close at $105.02 per barrel. (Translator: Chen Cheng-chien) 1150521 Choose to stand with the facts; every contribution from you is a force that safeguards the freedom of the press. Download the CNA "First-Hand News" APP to get the latest news in real-time. The text, images, and videos on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.

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Source: CNA (Central News Agency)
Category: 事件

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Announced　May 21, 2026 6:20 AM — Distributor CNA (Central News Agency)
Collected　May 21, 2026 6:31 AM
AI structured & analyzed　May 21, 2026 6:34 AM
Desk-reviewed & published　May 21, 2026 6:20 AM

FAQ

What are the key facts in this article?

Where is the primary source?

CNA (Central News Agency): https://www.cna.com.tw/news/afe/202605210012.aspx

When was it published?

May 21, 2026

Cite this article — HOW TO CITE

Washin AI News Desk“International Oil Prices Plummet Amid Turnaround in Middle East Situation”AI News by Washin Village（和心村）, May 21, 2026. https://aeo.idaeo.ai/ai/cna/en/news/2026-05-20-international-oil-prices-plummet-amid-tu

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