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Oil prices post biggest drop in 2 weeks, airline stocks surge on hopes the U.S.-Iran war will soon end

Economy MarketWatch By Isabel Wang 20 May 2026 19:28 1 min read
Oil prices post biggest drop in 2 weeks, airline stocks surge on hopes the U.S.-Iran war will soon end

Oil futures marked their biggest one-day decline in two weeks Wednesday after President Donald Trump suggested that a deal with Iran was close, raising hopes for a resolution to the months-long stalemate in the Middle East.

Oil futures marked their biggest one-day decline in two weeks Wednesday after President Donald Trump suggested that a deal with Iran was close, raising hopes for a resolution to the months-long stalemate in the Middle East.

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