The sun rises behind tankers anchored in the Strait of Hormuz off the coast of Qeshm Island, Iran, on April 18, 2026. Asghar Besharati/AP Photo
Crude oil prices declined on Monday amid indications that a deal to end the ongoing war between the United States and Iran could be near.
Brent crude oil futures prices ended May 22 at $100.21 per barrel. On Monday, oil was trading at $95.44 as of 9:45 p.m. EDT, a decline of more than 4.7 percent. Prices had hit a peak of around $126 per barrel on April 30.
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