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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Market Analysis
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.