Oil prices have jumped to their highest since 2022 on Thursday amid stalled U.S.-Iran peace talks and concerns that supply disruptions could persist longer than initially expected.
Brent crude prices for June delivery dipped to $117 a barrel in volatile trading after spiking to $126.41 earlier.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.