ARTFEED — Contemporary Art Intelligence

Oil prices swing below $100 amid U.S.-Iran talks

economy-finance · 2026-05-07

Brent crude prices dropped under $100 per barrel following erratic fluctuations caused by contradictory messages from both Washington and Tehran regarding a possible peace deal.

Key facts

  • Brent crude fell below $100 a barrel
  • Wild swings in oil prices
  • Conflicting signals from Washington and Tehran
  • Potential peace agreement between U.S. and Iran

Entities

Locations

  • Washington
  • Tehran

Sources