Brent crude falls 6%, WTI crude drops nearly 7%

Jinse Finance reported that on May 25, Brent crude oil plunged 6% intraday and is currently quoted at 94.59 USD/barrel; WTI crude oil fell 6.8% intraday, quoted at 93.45 USD/barrel. In terms of news, U.S. Secretary of State Rubio stated that as negotiations continue, a potential agreement with Iran could be signed as early as Monday. However, Iranian media, citing an informed source, said that the U.S. and Iran have not yet reached a final memorandum of understanding, and some terms remain in dispute.