The US-Iran agreement is "just one step away"? Oil prices plummeted by 5% on the news, but there are still "one or two" differences between the two sides.

Chinatong Finance and Economics App learned that the United States and Iran are gradually approaching an agreement to extend the ceasefire and reopen the Strait of Hormuz, but officials from both sides have stated that there are still several terms that need further negotiation. The hint from the White House and the Iranian side that a broad framework is about to be finalized triggered a sharp drop in international oil prices on Monday, May 25th.