Jun 05, 2025 11:48 a.m.

Oil jumped more than 3% after concerns over Iran deals wanes

Oil jumped more than 3% after concerns over Iran deals wanes

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International benchmarks for crude oil jumped sharply on Monday, 24 May 2021 after Iran said the negotiation on the nuclear deal would take time to close the gap, which allow the country to freely export its crude.

Brent gained $2.02 or 3% to close at $68.46/barrel.

WTI gained $2.47 or 3.9% to $66.05/barrel.