Oil Prices Slip 5% Today: Brent Crude Below $98 as US-Iran Deal Hopes Ease Strait Of Hormuz Fears by NDTV Profits | May 25, 2026 7:15 am | Latest Posts, Market, Trending News Global benchmark Brent crude fell as much as 5.4% to $97.97 a barrel, while West Texas Intermediate traded below $92.