Macro Finance
Oil surges past $95 as U.S. downplays Iran diplomacy and a 2nd key trade route is disrupted
NBC Business·July 22, 2026·1 min read
Oil surged nearly 5% on Wednesday as U.S. officials talked down the chance of new peace talks after an 11th straight night of strikes on Iran and with major disruption now facing two of the world’s key supply routes. The price climbed past $95 per barrel on the news.
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