Oil rebounds on uncertainty over Iran peace deal and inventory drawdowns
- Posted on May 21, 2026
- By Business News Today
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- 1 min read
Oil rebounds on uncertainty over Iran peace deal and inventory drawdowns
Oil prices surged Thursday amid persistent supply worries stemming from the Iran war's uncertain conclusion and a significant U.S. inventory draw. Concerns are mounting over dwindling global stockpiles as the Strait of Hormuz remains largely inaccessible, impacting crucial energy shipments. Analysts suggest a breakthrough in talks is unlikely if concessions aren't made.
