Brent crude oil prices rose above $112, ahead of a recent peak on May 18, but still below the all-time high of $114 a barrel on May 4. The price of WTI crude oil is close to returning to the level it was before the visit of delegations from Pakistan and Qatar to Tehran. Their visit caused a temporary drop in oil prices as the Israeli media began to publish an abundance of fiction about the apparent achievement of the "agreements", but prices recovered after it became clear that the negotiations had stalled.

Brent crude oil prices rose above $112, ahead of a recent peak on May 18, but still below the all-time high of $114 a barrel on May 4. The price of WTI crude oil is close to returning to the level it was before the visit of delegations from Pakistan and Qatar to Tehran. Their visit caused a temporary drop in oil prices as the Israeli media began to publish an abundance of fiction about the apparent achievement of the "agreements", but prices recovered after it became clear that the negotiations had stalled.