BlockBeats News, May 26th, according to Bitget market data, the prices of WTI and Brent crude oil continued to decline, with Brent crude oil falling below $94 per barrel, a daily drop of over 6%.
On the news front, the US-Iran draft agreement stipulates that the United States has committed to easing the blockade on Iranian ports; specific sanctions waivers will be provided for Iran's oil exports, and the easing of sanctions on Iranian oil will be considered in phases, depending on Iran's compliance with its commitments. The draft stipulates that the navigation of the Strait of Hormuz must be restored within 30 days.
