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Crude oil snaps back above 100 as Iran talks turn razor thin
Economy
Published on 7 May 2026
Negotiation hopes rose then Trump warned of tougher bombing
Oil prices rebounded on Thursday after a sharp prior dip, with crude reclaiming the $100 level and ending a two-day slide. Traders weighed mixed signals around Iran US negotiations, amid reports of a possible deal to end the conflict. But President Trump’s warning of intensified bombing if Iran rejects a peace offer added volatility to expectations.
- Crude oil recovered above $100 after a sharp drop
- Markets reacted to mixed Iran US negotiation signals
- Trump’s warning of intensified bombing increased risk premium
- Volatility likely to continue as talks remain uncertain
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times