Oil prices fall more than 6% as U.S. and Iran appear close to deal to end war

Oil prices fell sharply after Axios reported that the U.S. and Iran were closing in on an agreement to bring an end to the conflict.

# Oil prices fall more than 6% as U.S. and Iran appear close to deal to end war Oil prices fell sharply after Axios reported that the U.S. and Iran were closing in on an agreement to bring an end to the conflict. **Read the full article:** [CNBC](https://www.cnbc.com/2026/05/06/oil-prices-trump-pauses-strait-of-hormuz-escort-effort.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*