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Oil Swings on Iran Peace Hopes

Summary by Rigzone
Energy markets remain volatile as Iran negotiations and supply risks continue.

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Oil prices lost almost two dollars yesterday, in the middle of a day of big swings because there is nothing concrete about the end of the war in Iran.

·Mexico
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Middle East: oil rising slightly, between hopes of peace and fears of shortage Admin FCE 22 May 2026 - 21:20 Oil prices ended slightly on Friday, with operators weighing both the chances of a peace agreement in the Middle East and the risks of a tightening of world supply. The price of the Brent barrel of the North Sea, for delivery in July, rose from 0.94% to 103.54 dollars. Its American equivalent, the barrel of West Texas Intermediate, for de…

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The price of the Brent barrel of the North Sea rose from 0.94% to $103.54. The post Divided between hope and risk in the Middle East, oil ends in slight increase appeared first on Les Affaires.

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La Jornada broke the news in Mexico on Friday, May 22, 2026.
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