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Oil News: Crude Oil Futures Rally as Iran Talks Fail to Convince

By
James Hyerczyk
Published: May 22, 2026, 10:52 GMT+00:00

Crude oil futures rebound as Iran talks fail to ease supply fears, keeping traders focused on Hormuz disruptions and volatile prices.

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July West Texas Intermediate crude oil is sitting just below $100 a barrel Friday morning and the market cannot make up its mind. Spot Brent crude climbed to $105.14 by 09:45 GMT. July WTI gained to $98.66.