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Event Brief

Oil and gas plunge as Iran weighs US proposal

Oil and gas prices fell as Iran considered a US proposal to end the war, including zero enrichment.
WHO: Jack Lew
WHAT: Iran weighs a US proposal tied to ending the war and zero enrichment
WHEN: May 6, 2026 at 7:02 PM ET
WHERE: Location not specified
WHY: The market reaction followed Iran weighing the US proposal.

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