Oil edges up after plunging on optimism over US-Iran agreement
Oil prices have seen fluctuations due to ongoing negotiations between the US and Iran regarding the Strait of Hormuz. After a significant drop, prices rebounded following speculation of a potential agreement. However, the situation remains volatile as talks have faced setbacks.
- ▪Crude prices rose after a sharp selloff driven by hopes of a US-Iran agreement.
- ▪WTI futures dropped 5.5% amid speculation of a resolution, but prices surged after a US blockade announcement.
- ▪Brent crude increased by 8.36% to $103.16 per barrel, while WTI climbed 8.22% to $104.57.
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Oil edges up after plunging on optimism over US-Iran agreement Crude prices are whipsawing as traders try to keep up with every headline coming out of US-Iran negotiations over the Strait of Hormuz. Share Add us on Google by Editorial Team May. 20, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Oil prices ticked higher after a sharp selloff driven by hopes that the US and Iran might actually reach an agreement over the Strait of…
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