Crude oil prices steady as investors weigh US-Iran peace deal; Brent at $102/bbl. Where are prices headed?

🟡 Neutral Mint 2026-05-07
Oil prices stabilized temporarily as investors assessed the likelihood of a successful peace agreement between the US and Iran. Brent crude futures rose 88 cents, reaching $102.15 per barrel, while WTI crude advanced $1.12, reaching $96.20 a barrel. President Trump stated that direct talks were still too early, while Iranian officials described the US proposal as a ‘wish list’.
경제제재석유제재유가영향미이란외교중동안보
Source: Mint (livemint.com)
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