Crude oil prices steady as investors weigh US-Iran peace deal; Brent at $102/bbl. Where are prices headed?
🟡 NeutralMint2026-05-07
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’.