Brent rose $3.3 to $105.88/bbl; WTI up $2.53 to $98.88. ADNOC said full Strait of Hormuz transit restoration won't happen until 2027 even if hostilities cease. Negotiations still divided on uranium and shipping governance.
Why it matters
Brent rose $3.3 to $105.88/bbl; WTI up $2.53 to $98.88. ADNOC said full Strait of Hormuz transit restoration won't happen until 2027 even if hostilities cease. Negotiations still divided on uranium and shipping governance.
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May 22, 2026 04:38 PM ET