Oil Prices Rise 2% on Complications to US-Iran Peace Talks
Key takeaways
- Oil prices rose over 2% on May 21 as Iran's Supreme Leader directed that near-weapons-grade uranium must stay in the country, complicating potential US-Iran deals.
- Brent crude gained $1.95 to around $106.97 per barrel and WTI rose to $100.61.
AI insight — what it means
Oil prices rose because talks between the US and Iran stalled over uranium rules, making future supply less certain. Everyday investors may soon see this in higher costs at the gas pump.
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