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Nvidia earnings and Iran oil tensions split markets

economy-finance · 2026-05-21

Nvidia reported record quarterly results, but the positive impact on markets was offset by a surge in crude oil prices following reports that Iran's supreme leader ordered enriched uranium to remain in the country. The conflicting signals left investors uncertain about which factor would dominate market direction.

Key facts

  • Nvidia reported record quarterly earnings
  • Crude oil prices surged on Iran news
  • Iran's supreme leader ordered enriched uranium kept inside the country
  • Markets were unable to decide which factor mattered more

Entities

Institutions

  • Nvidia

Locations

  • Iran

Sources