Oil prices gain as investors doubt breakthrough in US-Iran peace talks
- Posted on May 22, 2026
- By Business News Today
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- 1 min read
Oil prices gain as investors doubt breakthrough in US-Iran peace talks
Oil prices saw a rise on Friday amid doubts about U.S.-Iran peace talks. Investors are concerned about Middle East instability and potential supply disruptions. Despite some narrowing of gaps, a deal remains elusive. Oil futures experienced an increase. The market is still set for a weekly decline. Full oil flows through the Strait of Hormuz may not resume until 2027.
