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commerce
shāng yè
商业
·HSK 4

US-Iran
Měi-Yī
美伊
approaching / nearing
jiējìn
接近
framework
kuàngjià
框架
agreement / deal
xiéyì
协议
international
guójì
国际
oil price
yóujià
油价
consecutively / in a row
liánxù
连续
two days
liǎng rì
两日
to fall sharply / to plunge
dàdiē
大跌

United States
Měiguó
美国
Secretary of State
guówùqīng
国务卿
Rubio (Marco Rubio)
Lǔbǐào
鲁比奥
to announce
xuānbù
宣布
US-Iran
Měi-Yī
美伊
war / conflict
zhànzhēng
战争
offensive phase
gōngshì
攻势
has been declared concluded
yǐ gào
已告
ended / concluded
jiéshù
结束
both sides / both parties
shuāngfāng
双方
currently in the process of
zhèngzài
正在
to negotiate / to consult
cuōshāng
磋商
ceasefire
tínghuǒ
停火
agreement
xiéyì
协议
affected by this
shòu cǐ
受此
influence / impact
yǐngxiǎng
影响
Brent (crude oil benchmark)
Bùlúntè
布伦特
crude oil
yuányóu
原油
price
jiàgé
价格
fell to / dropped to
diē zhì
跌至
two weeks
liǎng zhōu
两周
new low
xīn dī
新低

May 6, 2026 at 12:10 PM

United States
Měiguó
美国
Secretary of State
guówùqīng
国务卿
Rubio (Marco Rubio)
Lǔbǐào
鲁比奥
to announce
xuānbù
宣布
US-Iran
Měi-Yī
美伊
conflict / clash
chōngtū
冲突
offensive phase
gōngshì
攻势
has been declared (formal)
yǐ gào
已告
concluded / ended
jiéshù
结束
Trump (Donald Trump)
Tèlǎngpǔ
特朗普
president
zǒngtǒng
总统
to state / to indicate
biǎoshì
表示
with / and
Iran
Yīlǎng
伊朗
to reach / to achieve
dáchéng
达成
final / ultimate
zuìzhōng
最终
agreement
xiéyì
协议
structural particle
de
progress / development
jìnzhǎn
进展
encouraging / inspiring
lìng rén gǔwǔ
令人鼓舞
according to
Axios (news outlet)
Axios
Axios
to report
bàodào
报道
Washington
Huáshèngdùn
华盛顿
to believe / to consider
rènwéi
认为
already
close to / approaching
jiējìn
接近
one (document)
yī fèn
一份
framework
kuàngjià
框架
agreement
xiéyì
协议
affected by
shòu
this / this particular
zhèyī
这一
news / information
xiāoxi
消息
to influence / impact
yǐngxiǎng
影响
Brent (crude oil benchmark)
Bùlúntè
布伦特
crude oil
yuányóu
原油
futures contracts
qīhuò
期货
to fall / to decline
xiàdiē
下跌
6.1 percent
6.1%
6.1%
to / reaching
zhì
per barrel
měi tǒng
每桶
103.17 US dollars per barrel
103.17 měiyuán
103.17美元
United States
Měiguó
美国
WTI (West Texas Intermediate crude benchmark)
WTI
WTI
light crude oil
qīngzhì yuányóu
轻质原油
on the same day
tóngrì
同日
to decline / to fall
xiàdiē
下跌
6.6 percent
6.6%
6.6%
to / reaching
zhì
per barrel
měi tǒng
每桶
95.50 US dollars per barrel
95.50 měiyuán
95.50美元
oil price
yóujià
油价
consecutively / in a row
liánxù
连续
two days
liǎng rì
两日
to trend lower / to decline
zǒu dī
走低
market
shìchǎng
市场
to expect / expectation
yùqī
预期
Middle East
Zhōngdōng
中东
geopolitical
dìyuán
地缘
risk
fēngxiǎn
风险
will / shall
jiāng
gradually / step by step
zhúbù
逐步
to decrease / to reduce
jiàngdī
降低
Hormuz (Strait of Hormuz)
Huòěrmùzī
霍尔木兹
strait
hǎixiá
海峡
is
shì
global
quánqiú
全球
important / critical
zhòngyào
重要
energy
néngyuán
能源
transport / shipping
yùnshū
运输
corridor / passage
tōngdào
通道
conflict
chōngtū
冲突
during / throughout
qījiān
期间
once / previously
céng
to face / to be confronted with
miànlín
面临
blockade / closure
fēngsuǒ
封锁
threat
wēixié
威胁

New Words

guówùqīng
国务卿
Secretary of State
chōngtū
冲突
conflict
gōngshì
攻势
offensive phase
xiéyì
协议
agreement
jìnzhǎn
进展
progress
yuányóu
原油
crude oil
qīhuò
期货
futures contracts
dìyuán
地缘
geopolitical
fēngxiǎn
风险
risk
hǎixiá
海峡
strait
fēngsuǒ
封锁
blockade

News in English

Business

Oil Prices Plunge for Second Straight Day as US and Iran Near Framework Deal

US Secretary of State Rubio announced the offensive phase of the US-Iran war has concluded, and both sides are negotiating a ceasefire agreement. Brent crude prices fell to two-week lows as a result.

US Secretary of State Rubio announced that the US-Iran conflict offensive phase has ended.

Trump stated that progress toward a final agreement with Iran is encouraging.

According to reporting from Axios, Washington believes that a framework agreement is nearly reached.

Influenced by this news, Brent crude oil futures fell 6.1%, reaching 103.17 US dollars per barrel.

On the same day, US WTI light crude oil declined 6.6%, reaching 95.50 US dollars per barrel.

Oil prices trended lower for two consecutive days, as the market expects Middle East geopolitical risks to gradually diminish.

The Strait of Hormuz is a critical global energy transport corridor that faced blockade threats during the conflict.

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