Oil Prices Drop as US-Iran Talks Hike Supply Outlook

Oil prices fell over $1 on April 21, 2026, as expectations of increased supply from the Middle East due to potential US-Iran peace talks weighed on the market. Brent crude and WTI both declined, reversing a sharp rise from the previous day. The Strait of Hormuz, a key oil shipping route, had been closed by Iran, but recent diplomatic efforts suggest a possible resolution.

By Shree Mishra Tue, April 21, 2026 at 1:57 PM GMT+3 2 min read · Yahoo Finance · April 21, 2026, 10:57 UTC

Tickers: $WTI

Topics: Brent crude force majeure oil prices supply outlook US-Iran relations WTI

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