OIL PRICE BELOW 94 DOLLARS A BARREL

MOSCOW, MAY 25 /SRNA-RIA Novosti/ - Global oil prices fell by six percent today after US media reported that a U.S.A.-Iran agreement to end the war is 95 percent complete, according to trading data.

A barrel of Brent crude for August delivery in Europe is currently trading at USD 93.98, the lowest level since April 21.

The price of a barrel for July delivery now stands at USD 90.45.

US President Donald Trump said earlier that an agreement with Iran would either be "good and proper" or there would be no agreement at all.

In a post on the Truth Social network, Trump wrote that any agreement with Tehran would be completely different from the Iran nuclear deal negotiated by "the failed administration of former US President Barack Obama".