{"id":699801,"date":"2026-05-28T10:21:33","date_gmt":"2026-05-28T10:21:33","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/699801\/"},"modified":"2026-05-28T10:21:33","modified_gmt":"2026-05-28T10:21:33","slug":"oil-dumps-again-macrobusiness","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/699801\/","title":{"rendered":"Oil dumps again &#8211; MacroBusiness"},"content":{"rendered":"<p>Good luck making sense of this.<\/p>\n<p>Overnight saw oil prices slide as optimism of a deal picked up (though few headlines) and\u00a0IRGC said that a return to war with the US was unlikely\u00a0(while warning that it stood ready against any attack). 0800ET Oil tumbled on\u00a0Iran TV reports of optimism on a MOU and draft deal\u00a0status 0900ET Oil reverses higher as The White House says\u00a0MOU report is \u2018complete fabrication\u2019\u00a0 1300ET Oil up, stocks down as Trump says ON IRAN:\u00a0WE MAY HAVE TO CLOSE IT OUT VERY QUICKLY 1400ET Oil drifted lower as Trump\u2019s cabinet meeting ended uneventfully (threats to Oman. Strait will be open soon to everybody) <\/p>\n<p>Dated Brent dumped again, but on what, exactly?<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/05\/bfm6DAD.jpg\" width=\"1022\" height=\"628\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"Good luck making sense of this. Overnight saw oil prices slide as optimism of a deal picked up&hellip;\n","protected":false},"author":2,"featured_media":699802,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-699801","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/699801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=699801"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/699801\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/699802"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=699801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=699801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=699801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}