Thursday, May 7, 2026
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Oil Futures Decline as Iran Optimism Fades, Brent Crude Holds $100

Oil futures declined. Brent crude, however, held above $100 per barrel. Initial market optimism diminished. This optimism followed President Trump’s decision to postpone threatened attacks on Iranian energy facilities.

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Rubio Meets Pope Leo XIV as Trump-Vatican Rifts Widen Over Iran War

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