Oil prices fall as markets watch Iran ceasefire and China talks

Middle East Eye · May 13, 2026 Sanctions

Oil prices fall as markets watch Iran ceasefire and China talks Oil prices fell on Wednesday after three consecutive days of gains, as investors monitored the fragile ceasefire involving Iran, the United States and Israel, along with developments surrounding President Donald Trump’s visit to China for talks with President Xi Jinping. Brent crude futures dropped 82 cents, or 0. 76 percent, to $106.

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