{"id":63808,"date":"2026-06-26T15:38:12","date_gmt":"2026-06-26T19:38:12","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-oil-prices-plunge-as-us-iran-tensions-ease-anthropic-negotiates-to-restore-ai-access\/63808\/"},"modified":"2026-06-26T15:38:12","modified_gmt":"2026-06-26T19:38:12","slug":"global-oil-prices-plunge-as-us-iran-tensions-ease-anthropic-negotiates-to-restore-ai-access","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-oil-prices-plunge-as-us-iran-tensions-ease-anthropic-negotiates-to-restore-ai-access\/63808\/","title":{"rendered":"Global Oil Prices Plunge as US-Iran Tensions Ease; Anthropic Negotiates to Restore AI Access"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Crude <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a> collapsed over 3.7% on Friday<\/strong>, with <strong>WTI settling at $69.23\/bbl<\/strong> and <strong>Brent at $71.99\/bbl<\/strong>, as the market prices in a rapid return of Middle Eastern supply.<\/li>\n<li><strong>Anthropic is in high-stakes negotiations<\/strong> with the U.S. administration to restore access to its <strong>Mythos 5<\/strong> and <strong>Fable 5<\/strong> AI models after a national security-related suspension.<\/li>\n<li><strong>Hezbollah lawmaker Hassan Fadlallah<\/strong> warned that the group will not allow the implementation of a U.S.-mediated framework agreement between Lebanon and Israel, threatening &quot;civil war&quot; if enforced.<\/li>\n<li><strong>President Donald Trump<\/strong> projected that gasoline prices will soon hit <strong>$2.50 per gallon<\/strong>, citing improved relations and energy production shifts following the recent conflict.<\/li>\n<\/ul>\n<h2>Oil Markets Retreat as Supply Normalizes<\/h2>\n<p>Global energy benchmarks saw a significant sell-off on Friday as fears of a prolonged supply shock from the Middle East continued to dissipate. <strong>Brent crude futures<\/strong> dropped <strong>$3.27 (4.34%)<\/strong> to settle at <strong>$71.99\/bbl<\/strong>, while <strong>U.S. crude (WTI)<\/strong> fell <strong>$2.69 (3.74%)<\/strong> to end the day at <strong>$69.23\/bbl<\/strong>.<\/p>\n<p>The decline follows reports that <strong>Saudi Aramco<\/strong> has resumed crude loadings at its <strong>Ras Tanura<\/strong> terminal, the world\u2019s largest oil export facility, after a four-month suspension. Analysts note that the market is adjusting to a &quot;contango&quot; structure, indicating ample immediate supply as Iranian sanctions waivers and the reopening of the <strong>Strait of Hormuz<\/strong> allow stranded cargoes to reach global markets.<\/p>\n<h2>Anthropic Seeks to Resolve AI Export Standoff<\/h2>\n<p>AI startup <strong>Anthropic<\/strong> is reportedly in ongoing talks with the U.S. government to bring back its advanced <strong>Mythos<\/strong> and <strong>Fable<\/strong> models. The models were abruptly disabled for all customers earlier this month following an export control directive that cited national security concerns regarding foreign access to the technology&#39;s cybersecurity capabilities.<\/p>\n<p>The friction intensified after reports suggested that researchers at Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>) identified potential &quot;jailbreak&quot; vulnerabilities in the models&#39; guardrails. Anthropic executives are meeting with officials to establish a &quot;negotiated compromise&quot; that might allow U.S. persons to regain access while maintaining strict gates on foreign entities.<\/p>\n<h2>Geopolitical Friction Persists Despite Agreements<\/h2>\n<p>In Lebanon, <strong>Hezbollah lawmaker Hassan Fadlallah<\/strong> issued a defiant statement against the recently signed framework agreement with Israel. Fadlallah characterized the group&#39;s opposition as &quot;serious,&quot; stating that any attempt by Lebanese authorities to implement the Washington-mediated commitments would lead to internal conflict.<\/p>\n<p>Meanwhile, <strong>President Donald Trump<\/strong> addressed recent regional incidents, including a drone strike on a cargo ship in the <strong>Strait of Hormuz<\/strong>. Trump labeled the attack a &quot;foolish violation&quot; of the current ceasefire but maintained an optimistic outlook on domestic energy, promising that U.S. consumers would see <strong>$2.50 gasoline<\/strong> shortly as global flows stabilize.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Crude oil prices collapsed over 3.7% on Friday, with WTI settling at $69.23\/bbl and Brent at $71.99\/bbl, as 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