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U.S. and Brent crude oil briefly fell below $100 per barrel, and Iraqi media reported that the final draft of the U.S.-Iran agreement has been reached.
BlockBeats message: On May 22, both U.S. and Brent crude oil prices continued to fall, briefly dropping below the $100 mark, and have now rebounded to $100.25 per barrel and $100.31 per barrel, respectively.
Meanwhile, according to a report by the Iranian Labor News Agency (ILNA), citing Al Arabiya Satellite TV, a final draft of the U.S.-Iran agreement has been reached through Pakistan’s mediation and is expected to be released within the next few hours.