{
  "id": 3343439,
  "title": "Reports of US-Iran ceasefire deal, sinks Oil – RIA Novosti",
  "url": "https://urgent.news/2026/08/25/reports-of-us-iran-ceasefire-deal-sinks-oil-ria-novosti",
  "topic": "world",
  "section": "World",
  "published": "2026-08-25T20:15:37.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/reports-of-us-iran-ceasefire-deal-sinks-oil-ria-novosti-202608252015"
  },
  "original_language": "en",
  "account": "According to Russian news agency RIA Novosti, the United States and Iran have reportedly reached a ceasefire agreement. The deal, which is expected to be formally announced soon, would allow for free navigation in the Strait of Hormuz. In addition to Hormuz, the agreement also involves renewed negotiations under the Islamabad Memorandum of Understanding (MoU). The drop in oil prices is attributed to the ceasefire agreement. Both international crude benchmark, Brent, and West Texas Intermediate (WTI) oil fell nearly 5.5% and over 5% respectively. WTI oil, a high-quality crude oil from the United States, is a key benchmark for the oil market. The price of WTI oil is influenced by factors such as global growth, political instability, OPEC decisions, and the US Dollar's value. The weekly oil inventory reports by the American Petroleum Institute (API) and the Energy Information Agency (EIA) also impact WTI oil prices. If the data indicates a drop in inventories, it suggests increased demand, driving up oil prices. Conversely, higher inventories indicate increased supply, pushing down prices. OPEC, a group of major oil-producing countries, also plays a significant role in determining oil prices through their production quotas at twice-yearly meetings.",
  "summary": "The Russian agency RIA Novosti reported that Washington and Tehran agreed to a ceasefire, citing sources in Iran and Pakistan.",
  "key_points": [
    "US and Iran reportedly reach ceasefire agreement",
    "Oil prices drop nearly 5.5% for Brent, over 5% for WTI",
    "Agreement involves renewed negotiations under Islamabad MoU"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}