According to BlockBeats, on May 26, Bitget data showed that both WTI and Brent crude oil prices continued to decline, with Brent crude falling below $94 per barrel, down more than 6% on the day.
In terms of news, the draft agreement between the US and Iran stipulates that the US commits to easing the blockade on Iranian ports; it will provide specific sanctions waivers for Iranian oil exports; and it will consider easing sanctions on Iranian oil in stages, depending on Iran's implementation of its commitments. The draft also stipulates that navigation through the Strait of Hormuz must be restored within 30 days.
